London markets slid further as Wall Street opened for business, with the FTSE100 down 23.14 points (0.58%) to 3,960.57.
Mining firms made gains as metal prices rose, with Vendanta Resources up 13% to 987.5p, while Kazakhmys added 8.7% to 506.5p.
However, Tullow Oil shares were hit as oil dropped below $50 per barrel, down 3.22% to 752.5p. Royal Dutch Shell was also affected, with A shares dipping 2.12% while B shares fell 1.77%.
US markets plunged in early trading as poor retail sales figures suggested consumers are still feeling the pinch of the recession, and the Dow Jones dropped 101.31 points (1.26%) to 7,956.5.
JP Morgan Chase reversed yesterday's gains on the back of Goldman Sachs' results, dropping 2.76% to $32.77. American Express shares also declined, down 3.18% to $19.81.
Citigroup shares continued to climb after posting impressive gains on Thursday, up 9.47% to $4.16.Investment Week
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Responding to letter from Treasury Committee chair Nicky Morgan