Markets have broken their three-day rally this morning, forced down by concerns some countries will be forced to take larger writedowns on Greek bonds.
US markets added to their overnight gains on opening this afternoon, following in the footsteps of European markets which have rallied for the second day running.
A strong hint from the European Central Bank it will cut interest rates next month has buoyed markets in early trading, following sharp gains in the US and Asia overnight.
ETFM brings you a roundup of some of this week's ETF and indexing news.
London's blue chip index stood firm in early trading today after yesterday's global sell-off.
(Updated 2pm) Continued heavy selling saw London's FTSE 100 slump by more than 4.9% to its lowest level in a month after the Federal Reserve painted a gloomy picture of the global economy.
Deborah Ciervo, senior director, international markets and products at Dow Jones in New Jersey speaks to ETFM.
Dow Jones has launched a family of risk control indices and one targeting the Islamic investment market.
Stocks in the US and Asia rallied overnight after Italy turned to China for help with its debt crisis.
The ETFM roundup brings you news of some of this week's activity in the ETF and indexing market.