FTSE 100 runs into sellers again as European stocks turn lower

Earlier today the DAX came pretty close to setting a new all time record high. Well, as reported on here subsequent to the record opening, the index balked at that and now it has turned quite a bit lower. The DAX has now fallen back to just below 19,475, from an earlier session high at 19,643. At the same time, the FTSE 100 looks like it has run into sellers on the rally again. That is the pattern of recent days and a tenet that has been shared here many times too. This is all about investors running scared of the UK budget tomorrow. That might not be the only reason the index is now falling back towards 8,250 again, but sure has a role to play. The lower US stock markets on the opening has played a role too