Wall St losses persist on recovery fears

The index opened marginally higher following publication of the private sector worker report but later fell 35 points lower at 11,831. It followed a 2.2% decline on Wall Street on Tuesday, where the Dow shed almost 270 points to 11,866. The sell-off continues despite a finalised deal to increase the US debt ceiling and decisions by Moody's and Fitch not to cut America's AAA rating. Meanwhile, in London, the FTSE sunk deeper into negative territory amid fears over the US economy and escalating euro debt concerns. London's leading index was almost 90 points lower at 5,629. It lost...