The FTSE 100 opened flat Tuesday after a slump in financial stocks sent the Dow Jones to its first close below 10,000 in three months.
After Asian markets also finished lower, London's leading index dipped 6.5 points, or 0.13%, to 5,085.
ICAP rose 1.35% to 307.8p following yesterday's upgrade from Credit Suisse, while miners were also among the day's early climbers. Xstrata advanced 2.05% to £10.04, Kazakhmys increased 1.29% to £12.56 and Rio Tinto was up 1.24% to £31.03.
However, Randgold Resources lost some of yesterday's gains, falling 2.1% to £43.86, while BSkyB slid 0.29% to 523p after selling its stake in ITV.
In New York, the Dow closed 103.84 points, or 1%, down to 9908.39. It had slipped below 10,000 in each of the previous two trading sessions but in each case recovered to finish slightly above the psychological barrier.
Bank of America fell 3.47%, JPMorgan slipped 1.6% and Citigroup shed 2.2%.
In Japan on Tuesday, the Nikkei fell 0.2%, or 18.92, points to 9,932 - a two month low - as euro zone debt concerns also weighed on Asian markets.
Toyota was among the winners, advancing 2.9% as investors welcomed signs it is tackling safety issues.
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