The FTSE 100 is fighting back this morning after sliding in early trading, currently 35.1 points down, or 0.51%, to 6609.4.
Northern Rock is once again leading the losses; the lender is following on from yesterday, 10.5 points down, or 4.86%, to 205.75.
Barclays is at the forefront of the poor start for banks, down 19.5 points , or 3.11%, to 607; while British Airways is struggling, no doubt influenced by the high crude oil price, 13 points lower, or 3.1%, to 406.5.
Cleaning product manufacturers Reckitt Benckiser is leading the gains, currently up 47 points, or 1.62%, to 2945; while global specialty biopharmaceuticals company Shire is 18 points up in early trading, or 1.56%, to 1169.
IT was a weak session on Wall Street overnight, with financials and the high price of oil condemning the Dow Jones to a 108.28 point loss, or 0.77%, to 13984.8.
General Motors fell as it negotiated a new deal with its main union, United Auto Workers. It led the Dow's losses, down 1.53 points, or 3.595, or 41.11.
Credit card issuer American Express also fell, sliding 1.43 points, or 2.26%, to 61.8; while commincation giant Verizon closed 0.9 points down, or 1.98%, to 44.63.
It was better news for Exxon Mobil as oil prices up nudged above $86 a barrel, a new record high. It climbed 1.34 points, or 1.43%, to 94.82.
THE dip in the US hit a sceptical Tokyo today, with the Nikkei falling 220.23 points, or 1.27%, to 17,137.92.
Department store holding company J Front Retailing fell after missing its profit forecast, dipping 107 points, or 9.12%, to 1,066.
Financials also took a hit, with Mitsubishi UFJ closing down 68 points, or 6.03% to 1,059; while materials and electronics company Taiyo Yuden finished 130 points lower, or 5.9%, to 2,075.
Softbank Corp enjoyed a better day at the office, climbing 75 points, or 2.85%, to 2,705; while oil exploration company INPEX Holdings climbed to its highest intraday level so far this year, finally closing on 1,300,000, a gain of 30,000 points, or 2.36%.
To comment on this story, contact:
0207 034 2681
Regular reminders and updates
9 December 2019 deadline
Joe McDonnell joins as head of portfolio solutions (EMEA)
Adviser of the Year - South East
Fidelity Multi Asset CIO's outlook