(Refiles to fix spelling)
* FTSE down 1.2 percent
* Miners, oils retreat as Bernanke keeps quiet on QE3
* Moody's warns on UK credit rating
By David Brett
LONDON, June 8 (Reuters) - Concerns over the global economic recovery sent Britain's top share index lower on Wednesday, with commodity stocks and banks leading the fallers as the FTSE 100 index <.FTSE> headed below a key technical level.
"The index is trading around 5,800 at the moment, below its 200-day moving average (5,815). If the index closes below that level it would send out a bearish signal to investors," Jimmy Yates, head of equities at CMC Markets, said.
The FTSE 100, tracking overnight falls on Wall Street and in Asia, was down 69.89 points, or 1.2 percent, at 5,794.76 at 1050 GMT, having closed up 1.49 points on Monday.
Investor confidence took a pounding as fears over the sustainability of fragile economic recovery intensified.
On Tuesday, U.S. Federal Reserve chairman Ben Bernanke offered no indication that new stimulus measures were on the cards, following a recent swathe of downbeat data from the world's biggest economy.
"The U.S. is taking its foot off the gas with regards to stimulus and there is a fear the economy won't be able to stand on its own two feet and we will head back into recession," said Martin Dobson, head of trading at Westhouse Securities, adding more quantitative easing looked unlikely in the near term.
A threat to Britain's top-notch sovereign credit rating by ratings agency Moody's did nothing to improve sentiment. [ID:nLDE7570E4]
FLIGHT FROM RISK
Commodity stocks, a barometer of investor appetite for risk, fell in tandem with commodity prices.
Precious metals miner Fresnillo
BP
The oil major fell in tandem with crude oil
Ex-dividend factors trimmed 0.4 point off the FTSE 100
index, with Associated British Foods
On the upside, AstraZeneca
Outsourcers Capita
On the second line, British pubs group Punch Taverns
Misys
U.S. stock index futures pointed to a weaker open on Wall Street on Wednesday, with little data due across the Atlantic apart from the latest Fed Beige Book at 1800 GMT, after London's close. (Editing by Dan Lalor)