The initial enthusiasm surrounding the last-minute deal to save Cyprus from financial collapse proved short-lived on Monday as comments from the head of the Eurogroup weighed on sentiment in afternoon trade.Meanwhile, rumours of a possible Italian downgrade from Moody's added to the gloomy mood late on. According to Italian daily Corriere della Sera, the agency is looking to cut its current Baa2 credit rating for the nation. It already has a 'negative' outlook.This speculation follows the move by fellow ratings agency Fitch to place the UK's sovereign debt rating on credit watch 'negative' on Friday.Eurogroup head tempers enthusiasm late onStocks started the session strongly after the Troika agreed to disburse €10bn in funds to Cyprus in exchange for forcing big losses on uninsured depositors. While the deal did not include the controversial across-the-board bank-account tax, the plan involved deep restructuring measures for the nation's two largest banks, including the splitting up of Laiki Bank into a 'good' and 'bad' bank.However, benchmarks in Spain and Italy dropped over 2.0% by the close after Eurogroup President Jeroen Dijsselbloem suggested that the Cypriot bailout plan, if successful, may serve as a future model for other bank rescues in the region, implying that other countries may have to restructure their banking sectors.Market Analyst Craig Erlam from Alpari said: "Dijsselbloem may have been referring to the splitting of struggling banks into good and bad entities, or forcing losses on holders of unsecured debt. However, the reaction in the markets clearly suggests that traders took it to mean that deposits are no longer safe from bailout deals, as seen by the aggressive sell-off in the euro and European equities."ARM gains on broker comments; miners unwantedChip designer ARM Holdings was benefitting from broker comments after Bank of America said that the potential of its 'big.LITTLE' energy-saving technology was "underappreciated". "We reiterate our 'buy' rating and believe that the recent share-price weakness provides a particularly attractive buying opportunity," the broker said. Vodafone was a standout riser today following a report in The Sunday Times to the effect that the company is edging closer to the sale of its stake in its US joint-venture, Verizon Wireless. Asset management firm Aberdeen led the way higher throughout most of the day after posting a 10% increase in assets under management to £212.3bn in the second quarter. Sector peer Schroders was higher after reaching an agreement on a recommended 135p-a-share offer for Cazenove Capital that values the investment business at £424m. Drinks giant SABMiller rose on plans to target further beer volume growth and share gains in its Latin American division of the next three to five years. Biopharmaceutical business AstraZeneca was also wanted after settling a US patent infringement litigation.Leading on the downside were the miners on concerns over demand. Copper prices were continuing to fall after inventories rose to a 10-year high last week, while gold prices dropped below $1,600 for the first time in over a week as the dollar strengthened against the euro. ENRC was a heavy faller ahead of tomorrow's results from part-owner Kazakhmys, on concerns that the firm could write-down the value of its fellow Kazakh miner.FTSE 100 - RisersARM Holdings (ARM) 916.00p +4.21%Vodafone Group (VOD) 187.20p +2.04%IMI (IMI) 1,285.00p +1.50%BT Group (BT.A) 280.80p +1.48%Centrica (CNA) 362.10p +1.26%Rolls-Royce Holdings (RR.) 1,109.00p +1.09%InterContinental Hotels Group (IHG) 1,947.00p +0.99%ITV (ITV) 129.90p +0.93%Serco Group (SRP) 633.50p +0.88%easyJet (EZJ) 1,039.00p +0.78%FTSE 100 - FallersEurasian Natural Resources Corp. (ENRC) 268.10p -6.03%Vedanta Resources (VED) 1,039.00p -4.77%Evraz (EVR) 217.40p -3.59%Barclays (BARC) 282.10p -3.39%Aviva (AV.) 301.00p -2.62%Prudential (PRU) 1,074.00p -2.45%Antofagasta (ANTO) 1,008.00p -2.42%Petrofac Ltd. (PFC) 1,412.00p -2.35%Aggreko (AGK) 1,855.00p -2.11%Royal Bank of Scotland Group (RBS) 287.20p -2.08%FTSE 250 - RisersTelecom Plus (TEP) 1,006.00p +3.60%888 Holdings (888) 166.00p +3.17%Bwin.party Digital Entertainment (BPTY) 147.60p +3.00%Barratt Developments (BDEV) 264.50p +2.52%Senior (SNR) 246.80p +2.45%Betfair Group (BET) 713.00p +2.44%Bank of Georgia Holdings (BGEO) 1,510.00p +2.44%Hansteen Holdings (HSTN) 86.05p +2.44%Micro Focus International (MCRO) 696.50p +2.43%TalkTalk Telecom Group (TALK) 270.40p +2.35%FTSE 250 - FallersAfrican Barrick Gold (ABG) 208.70p -7.20%Kazakhmys (KAZ) 443.60p -5.29%Brown (N.) Group (BWNG) 404.30p -3.74%Hochschild Mining (HOC) 291.00p -3.71%Petropavlovsk (POG) 223.50p -3.50%Ted Baker (TED) 1,300.00p -3.35%Taylor Wimpey (TW.) 86.35p -3.25%Centamin (DI) (CEY) 55.75p -3.04%Homeserve (HSV) 205.20p -2.93%Supergroup (SGP) 601.50p -2.91%BC