FTSE 100 drifts back after refusing a new record this morning

Earlier this morning, the FTSE 100 pushed  little higher and looked like it might set a new all time high above 8,455. Well, in the event is has so far rejected that and topped out at 8,446. The index is just now drifting back towards 8,425, as the DAX and CAC struggle to make headway. The DAX has fallen back underneath 18,750 and that has weighed on the FTSE 100. As noted here earlier today, the FTSE 100 is technically a little overcooked and the slight negative bias across the major European markets and the STOXX 50 has helped the FTSE to stall for the time being. The FTSE 100 is currently trading at 8,433