FTSE retreats

The London market retreated back below the 6600 barrier today on the back of concerns China’s over-heating economy is heading for a fall.

The FTSE 100 Index stood 16.8 points down at 6599.6 by mid-morning, recovering only some of the lost ground seen earlier as investors remained cautious following former US Federal Reserve chairman Alan Greenspan’s forecast of a “dramatic contraction” in Chinese markets.