Economics / Markets

The FTSE 100 moved slightly lower in afternoon trading as double-dip fears persisted on the back of negative housing market data.

The FTSE opened lower in morning trade on Tuesday as investor confidence was hit by stock sell-offs in the US and Asia.

India's economy grew at its fastest rate for more than two years in Q2, official data reveals.

The Federal Reserve is prepared to take "unconventional measures" to prop up the US economic recovery, said Ben Bernanke in a speech today.

Markets reacted positively to the news the US had not slowed to the 1.4% expected in the second quarter.

The UK economy grew by more than expected in Q2 of 2010, boosted by a strong performance from the construction sector.

The FTSE 100 was up 50 points, or 1%, to 5,159.25 this afternoon as data showed new claims for unemployment benefits in the US fell more than expected.

The FTSE advanced in early trading following positive overnight signs in the US and a mini rally in Asia.

Markets on both sides of the Atlantic have continued on their downward trajectory amid fears about the economic recovery.

The FTSE continued to fall in morning trading on Wednesday following yesterday's massive sell-off in global shares on escalating fears about the economic recovery.