By Marcus Leach

Standard and Poor's warning to fifteen eurozone countries today (Tuesday) has seen the tentative recovery in European markets come to a grinding halt.

The ratings agency has said fifteen countries are on the edge of a downgrade, and as a result the FTSE 100 began early trading down.

HSBC was the biggest faller on the index, down 1.3%, but was the only financial company to take a significant dip.

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