London and European markets calmed down in mid-morning trading after the sharp opening decline driven by the rejection of the US $700bn bank bail-out plan.
The FTSE100 is currently flat at 4819, despite dropping 144.95 points, or 3%, at the bell. HBOS and RBS continue to struggle however, down 10.77% and 5.47% respectively. European markets have also eased, with Paris’ CAC 40 now ahead 0.17% and Frankfurt’s Dax reducing the decline to 0.82%. The market volatility follows the largest ever points fall for the Dow Jones on Monday, which plummeted 777.68 points, or 6.98%, to 10,365.45. The broader S&P 500 fell 8.81%, while the tech-heavy Nasdaq dived 9.14%. Asian stocks continued the decline on Tuesday, with Japan's Nikkei 4.12% lower and Sydne...
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