Economics / Markets

The FTSE fell 54.9 points, or 0.89%, this afternoon to 6136.3p.

The FTSE gained 3.2 points, or 0.05%, this morning, reaching 6194.4p. The rise comes despite global fears of a US recession.

An unexpected drop in US payrolls last month has rocked Wall Street and showered the FTSE with late losses this afternoon.

The FTSE 100 has barely changed from its overnight figure, but the index is currently on a downward curve.

A late afternoon rally drove the FTSE 100 into the black today, closing 42.6 points up, or 0.68%, to 6313.3.

The FTSE was recovering slowly but surely on a busy morning following a disappointing Wednesday and has climbed up 38p, or 0.61%, to 6308.8.

DESPITE market volatility, the outlook for global emerging markets remains positive, according to Scottish Widows Investment Partnership (SWIP).

Plummeting stocks across the Atlantic caused the FTSE 100 to slide in the late afternoon, finally closing 102.5 points down, or 1.61%, to 6274.3.

The London markets are slightly ahead this morning after Wall Street crept higher overnight, with the FTSE 100 currently 2.7 points up, or 0.04%, to 6379.5.

In London, markets recovered from an earlier downturn and the FTSE 100 closed up 61.6 points, or 0.98%, to 6,376.8.