Economics / Markets

Markets opened down after a huge rally on Tuesday, with the FTSE100 losing 25.36 points (0.68%) to 3,689.87.

Barclays shares soared on Tuesday amid reports it may join the UK Treasury's asset insurance scheme.

Wealth managers and banks helped the FTSE recover from an early scare in trading on Tuesday.

Financials weighed heavily on the FTSE 100 this morning, pushing the index down more than 27 points (0.77%) to 3,503.66 by 8.30am.

The FTSE 100 edged back into the black this morning after a week of tumultuous trading which saw the index drop sharply.

The FTSE 100 edged back into the black this morning after a week of tumultuous trading which saw the index drop sharply.

The Dow Jones closed lower for the fifth session in a row last night at 6726.02 down 37.27 points (0.55%), its lowest point in 12 years.

The benchmark FTSE 100 took its decline this year beyond 19% as what has become a three-day sell-off continues.

US markets slid in early trading on Monday after AIG announced the largest ever corporate loss of over $60bn.

Banks have taken an early hammering this morning as the FTSE 100 slides 1.64% by 9:47am.