Markets across Europe fell at the start of trading as an earthquake measuring 5.1 on the Richter scale hit Spain and commodities were heavily sold off in the US.
The FTSE 100 rose at opening today after a boost from US markets which closed higher on Monday.
Commodities have rebounded from their biggest plunge since the financial crisis on the back of upbeat US economic data, rising demand from emerging economies and a falling dollar.
Commodities continued to tumble today on the back of global growth concerns, with oil and silver plunging to their lowest levels since March.
China has produced some spectacular long-term returns, but higher interest rates are beginning to put a dampener on the party. Nick Sudbury reports
L&G has unveiled its 6 Year Growth Deposit Bond 7 aimed at more cautious investors.
The FTSE 100 fell towards the 6,000 mark mid-afternoon as weaker than expected US jobs data combined with a sell-off in commodities to weigh on shares.
Declines in metals and other commodity prices caused global indices to drop in Wednesday trading.
The FTSE has extended yesterday's gains, adding 0.2% in early trading, as strong corporate earnings and upbeat economic data continue to power the index.
Updated at 14.30: London's FTSE has stormed through the 6,000 barrier to hit 6026, up 2.2%, as strong corporate earnings and a new record high for gold prices triggered a European rally.