Heavyweight BHP Billiton (BLT.L) fell 2.9 percent. "The main overnight news was the Bank of Japan intervening on the foreign exchanges. The correlation (between the euro and European equities) ensures a weak start for equities," Jeremy Batstone-Carr, strategist at Charles Stanley, said. He also pointed to doubts about the euro zone plan.
"Last week we saw a huge rise in equity markets largely on the revelation of a structure of a plan, with no detail on the funding."