In London, markets fell as falling copper prices hit the mining sector and the FTSE 100 lost 94.3 points (1.53%) to 6,087.3.
Cable & Wireless shares made impressive gains after announcing good gains on Thursday, up 6.4 points (4.09%) to 163p. Capit Group added 14 points (2.12%) to 674p.
Rio Tinto led mining shared down, losing 369p (5,53%) to £63.00, while Kazakhmys dropped 98 points (5.51%) to £16.79.
On Wall Street, stocks fell as oil prices continued to fuel inflation fears, while the housing market continued to decline, and the Dow Jones dropped 112.6 points (0.89%) to 12,513.02.
Coca Cola made the biggest gains, up 0.7 (1.2%) to $58.97, while Boeing shares added 0.56 (0.69%) to $81.97.
General Motors shares flagged, down 0.91 (4.94%) to $17.52, while AIG lost 0.95 (2.51%) to $36.86.
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Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till