London's FTSE 100 Index retreated to its lowest level since January, paced by shares in the retail sector including Kingfisher and Dixons.
The UK benchmark shed 56.10 points to 4789.40 points, led by Steelmaker Corus, down 3.50p or as much as 7% to 43.25p, after indications reveal steel-production growth will almost halve this year as producers in the European Union hold back on output to protect prices threatened by higher-than-average stockpiles.
Kingfisher has also plummeted almost 7% or 17.75p to 254.25p, its biggest fall in more than two years, after announcing sales will be 'broadly flat' for the quarter ending at the end of the month.
Electronic retailer Dixons meanwhile, shed 6p to 139p.
On the other end of the scale, tobacco stocks are profiting, led by Gallaher Group up 10.50p to 812.50p, along with British American Tobacco advancing 6p to 973p.
Severn Trent also added 10p to 951p at the market close a short while ago.
In the US, the Dow Jones Industrial Average has shed a couple to 10147.44 points in its morning session, paced by Hewlett-Packard.
The computer firm has shed $0.46 to $20.01, while Boeing continues to fly, up $0.94 to $59.94, after a deal with Air Canada for 32 of its wide-bodied jets worth $6.1bn.
Additionally, Air-India also yesterday approved the purchase of up to 50 long-range Boeing Co. aircraft in a deal worth about $6.9bn.
Boeing today however, reported first-quarter earnings dropped 14%, below analysts forecasts.IFAonline
Cautious, Balanced & Dynamic Growth
Cowardly, boring or sensible
Latest news and analysis
‘Most significant’ upgrade since launch
Changes happening over coming months