On Monday UK's benchmark index closed 0.3% up,
on hopes European officials are ready to take crucial actions to tackle crisis.
However, FTSE 100 opened lower on Tuesday morning trade after Standard &
Poor's reported it may downgrade 15 Eurozone countries. Index lost 0.2% in
morning trade led by mining stocks as Vedanta Resources PLC declined 2.3% and Eurasian
Natural Resources Corp. PLC gave up 1.8%. Energy stocks pushed index downwards
with Essar Energy PLC dropping 2.6% and Centrica PLC edging down 1.9%. Heating provider
Wolseley PLC was one of the major climbers as its stocks added 2.3% after
company reported strong 1st quarter results. At the moment of writing index is
up 0.22%.