Economics / Markets

Having rallied strongly just prior to close of play last night the Dow Jones looks set to finish the week below the 8,000 mark.

Financial and commodity companies helped the FTSE 100 climb 60.35 points this morning (1.44%) to reach 4,262.59 by 8.50am.

The FTSE 100 stayed down all afternoon, dropping 1.6% as of 2.45pm, with every sector following suit.

The FTSE 100 plunged 65 points from 8am to around 4,170 by 9am this morning as the FSA hit out at HBOS.

After falling slightly in early trading, and following a series of poor economic forecasts, UK market made a slight recovery and the FTSE100 index was down 11.03 points (0.26%) to 4,202.05.

Trading got off to a poor start in London this morning after US investors became concerned over a vast Government stimulus plan.

The Dow Jones has plummeted 63.72 points upon opening ahead of anticipated approval for President Obama's stimulus package and the unveiling of the new bank bailout plan.

Steep losses for miners pulled the FTSE below 4,250 on Tuesday as lower crude prices continued to hit oil producers.

The FTSE 100 has fallen almost 1% this morning despite better than excepted results from Barclays boosting the financials sector.

London's blue chip stock exchange rocketed upon opening as RBS's new executive team axed some long-term boardroom members.