UK FTSE 100 index retreated from yesterday's 1.2% gain weighed down by oil resource shares and banking equities as oil prices approached longest weekly loss in 13 years and Fitch downgraded Spain. BP PLC dropped 1.4%, BG Group PLC lost 1.6% and Royal Dutch Shell PLC fell 1.5%. Royal Bank of Scotland sank 1.7% and Lloyds Banking shed 1.5%. Disappointing statements from Federal Reserve yesterday also affected the index negatively. At the moment of writing FTSE 100 is trading 0.7% or 40 points down at 5,409.2.