US markets in the red as FTSE falls 2.4%

The S&P 500 has opened down 0.9% at 1,342, its lowest level since mid-February, with the Dow Jones also off 1.1% at 12,677, as concerns over Spanish banks and Greek politicians' inability to form a new government taking hold once again. In the UK, the FTSE 100 moved down further after touching 2012 lows this morning, to stand down 2.4% at 5,441 points shortly after the US open. France's Cac 40 has fallen 2.9% to 3,039, while Germany's Dax is off 2.5% at 6,414. Spain's role at the centre of the latest sovereign debt woe has seen the country's Ibex index fall a further 2.9% to 6,791. Th...