Deflation in Japan has accelerated at its fastest pace since 1970, threatening the recovery of the world's second largest economy.
Unemployment in the Eurozone hit 10% last month - the first time it has reached this level since the introduction of the single currency.
London's leading blue chip index gained slightly in early trading despite heavy losses from US technology stocks overnight.
GERMANY has triggered a near-panic flight from southern European debt markets by warning that there will be no EU bail-outs, even though it fears the region's economic crisis has turned dangerous and could prove "fatal" for the entire eurozone, reports...
The FTSE climbed 0.72% in early trading to 5255.18 bolstered by strong performances from big names.
Alistair Darling will hold secret talks with the heads of top British and American banks in Davos tomorrow who fear the impact of proposed tough new sanctions against the sector.
George Soros has called for a radical break-up of banks which are "too big to fail".
The IMA has changed its Global Emerging Markets sector definition, which will now be based on FTSE or MSCI GEMs indices rather than World Bank definitions.
The FTSE fell in early trading, dragged down by negative market sentiment towards resources firms.
Cash ISA savers are receiving 40 times less interest compared to those in similar taxed accounts.