It comes as traders look ahead to the rate of interest choices due later this week.
Meanwhile, the Bank of England declares its resolution on Thursday and is predicted to hike charges from 5.25% to five.5%.
“Everyone is worried about oil prices and what they will mean for inflation figures heading into the end of the year,” mentioned Chris Beauchamp, chief market analyst at on-line buying and selling platform IG.
“While the recent pick-up in US price growth is unlikely to shift the Fed into hiking on Wednesday, another hike before year-end seems more plausible.”
In Europe , markets have been additionally down on Monday, with Germany’s Dax giving again 1.1% and France’s Cac 40 dropping 1.4%.
US shares have been faring higher as each the S&P 500 and the Dow Jones have been buying and selling flat in New York across the time that markets have been closing in Europe.
In firm news, shares in packaging big Mondi jumped by 3.3% after the corporate mentioned it could promote its final remaining Russian arm for slightly beneath £700 million.
The firm had been positioned on the “international sponsors of war” listing by Ukraine’s Government for its persevering with enterprise within the nation.
The firm had beforehand agreed to promote different components of its enterprise in Russia to a different purchaser.
Elsewhere, shares in Frasers Group dipped 0.4% after it was reported the retailer was in talks to promote Misguided to China’s Shein. It could be the primary deal that Shein, which is price round £53 billion, has made to amass a British model.
The largest risers on the FTSE 100 have been Mondi, up 43.5p to 1,380.5p, Ocado , up 23.4p to 787p, Reckitt , up 68p to five,830p, BT, up 1.2p to 118.2p, and Glencore, up 3.25p to 459.65p.
The largest fallers on the FTSE 100 have been Persimmon, down 49.5p to 1,029.5p, RS Group, down 32.2p to 711.8p, Abrdn, down 6.25p to 157.35p, Airtel Africa, down 4.7p to 124.9p, and Entain, down 39p to 1,114.5p.
