Economics / Markets

What looked like a day of stability for the FTSE 100 turned bad in late trading, as an afternoon slide pushed the index 75.5 points lower, or 1.21%, to 6143.5.

The FTSE 100 is down in early trading after a late dip on Wall Street, currently on its way up but still sitting 23.5 points lower, or 0.38%, to 6195.5.

Global markets recovered from last week's slump as world banks injected extra cash into the banking systems.

The markets recovered this morning from the symptoms of global credit fears after world banks pumped extra money into banking systems.

AS India marks 60 years of independence, Sam Mahtani, manager of F&C's Indian Investment Company, says the country's economic outlook is rosy.

Global credit fears dragged the FTSE down 210.6 points, or 3.36%, to 6060.6 this afternoon.

London stocks can't escape the global credit crisis which decimated many foreign markets overnight, with the FTSE 100 down 96.5 points, or 1.54%, to 6174.7 - in early trading.

The FTSE closed tonight at 6271.2 after falling 122.7 points, or 1.92%.

Utilities have switched off in morning FTSE 100 trading, with the index currently down 49.9 points, or 0.78%, to 6344.

The FTSE 100 had a second consecutive solid day of growth, up 85.1 points, or 1.35%, to 6393.9.