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According to Reuters, the FTSE 100 decreased by 15.15 points at 5,756.14, despite experiencing a 0.7 per cent gain on Monday.
The news provider noted that a surprise rate increase by China played a part in the move due to pressure on mining stocks as it is set to raise its benchmark one-year lending and deposit rate by 25 basis points starting from October 20th.
And this came despite positive results from banks, which were the biggest support for the index, such as Citigroup and Bank of America.
But there was less positive news for mining stocks, in particularly Xstrata, which was the biggest faller, down by 4.7 per cent.
Rino Tinto and Vedanta Resources also experienced decreases of 1.8 and 2.3 per cent respectively.
This comes after the FTSEurofirst 300 also suffered losses of 0.4 per cent yesterday at 1,081.26 points.
Posted by Greg Secker
