In the UK this morning the FTSE 100 index is trading down led by mortgage companies, HBOS and Northern Rock.
The benchmark has slipped about 59.8 points to 4555.6 points.
HBOS and Northern Rock are each down 14.50p to 713.5p and 712.5p respectively.
Centrica also fell 6.25p to 229.75p this morning.
High street retailers, Sainsbury and Marks & Spencer are up 5.5p and 1.75p to 252p and 358.75p.
In Japan at close early on Saturday morning, the Nikkei 225 Stock Average reached its lowest level in five months, after the country experienced its deadliest earthquake since 1995 and the dollar weakened against the yen.
The Nikkei slid 1.8% to 10,659.15 points; its lowest since the middle of May.
Technology shares in Kyocera, tumbled 2.6% to 7,790 yen, while Matsushita Electric Industrial, lost 2.1% to 1,473 yen.
Both companies are due to report earnings this week.
Casualty insurer, Millea Holdings was down 2.2% to 1.35m yen, Mitsui Sumitomo Insurance fell 1.9% to 865 yen and Sompo Japan Insurance lost 2.4% to 901 yen.
All three companies last week said they might miss profit targets after a record number of typhoons triggered more than $3.4bn of claims.
In the US, the Dow Jones Industrial Average slipped 1.8% for the week, extending its year slide to 6.7%. The benchmark closed at its lowest this year late on Friday, down about 107.95 points to 9757.81 points.
3M Company led the drop, down $1.72 to $75.88.
Microsoft closed the week down $0.82 to $27.74.
Caterpillar was up £0.31 to $77.34.IFAonline
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