London (AFP) - shares slipped Tuesday, as London traders returned by weekend of four holidays and euphoria fades over the assassination of al-Qaeda leader Osama bin Laden, said analysts.
The benchmark FTSE 100 Index dropped by 0.17% at 6,059.80 points late morning deals, erasing earlier gains.
The market was closed Friday for the royal wedding and Monday for a regular holiday.
"Investors are taking risks after yesterday euphoric market reaction, on the death of Osama bin Laden, by special forces us" said analyst Kathleen Brooks Trade Forex.com site.
"Now stocks are lower and more risky spectrum FX currencies at the end come under pressure as investors remain on the lines apart."
In the announcement of a drama, the White House revealed Sunday that American forces had killed the Chief of al-Qaeda behind the attacks of September 11, 2001, to his secret compound in Pakistan.
"Death of Osama bin Laden has no clear implications for markets in my opinion and I only am not sure that his death necessarily mean a reduction in risk despite initial knee-jerk reactions premiums, said economist VTB Capital Neil MacKinnon."
Thursday, the attention of investors will return to the decisions of interest rates in Britain and in the euro area.
The Bank of England is expected to maintain its rate of loan key to low percentage 0.50 flat economic growth record.
The European Central Bank should maintain its interest rates to 1.25%, but it may report a further increase in price escalation in the 17-nation euro zone.
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