UK equities retreated on Monday despite higher risk-appetite on the market after the Fed announced QE3. UK stocks came under heavy selling pressure after news that the national home prices posted a decline for the third consecutive month in September. Concerns about further China's economic slowdown also weighted down on the UK equities. The FTSE 100 Index lost 0.20% to trade at 5,894.99. Only three sectors in ten within the index moved higher. Health care and technology firms were the best-performers, with GlaxoSmithKline gaining 0.88%. At the same time, telecommunications and lenders sent the UK stock index lower. BT Group and Vodafone Group dropped 1.55% and 0.85%. Vodafone is considering setting aside USD2.2 billion to pay tax recently imposed by Indian government. Among financials, Barclays, Standard Chartered and Royal Bank of Scotland slid 0.68%, 0.03% and 1.65%, respectively.