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At 09:28 BST soon after the stock exchange, opened it was down 0.3 per cent - or 17.26 points - reveals Reuters.
Yesterday's optimistic mood was broken as the FTSE 100 closed down 0.3 per cent, despite anticipation of good reports from US banks earlier in the week driving daily positive gains.
The value of energy shares on the stock market also declined, as tests on the containment cap to staunch the BP oil spill were delayed.
Amid poor trader appetite for risk, defensive shares made gains, with Imperial Tobacco and British American Tobacco climbing 0.7 per cent and 0.8 per cent respectively, reports the news agency.
Testing on the device designed to stop the leak in the Gulf of Mexico was supposed to begin within 24 hours of its installation on Tuesday, but the energy company warned checks could take several days to ensure no further ruptures occur.
Posted by Greg Secker
