FTSE

World markets are in the midst of yet another crisis with all indices down including the FTSE falling 42 points to 6544.10.

Financials got slammed in London today as oil prices continue to rise and global economy concerns mount. The FTSE 100 closed on 6586.10, a drop of 135.50, or 2.02%.

The FTSE 100 is struggling this morning on the back of a poor start for financials, the index is currently 44.20 points lower, or 0.66%, to 6677.40.

Heavyweight stocks enjoyed somewhat of a renaissance in London today, driving the FTSE 100 up 94.3 points, or 1.45%, to 6576.3.

A poor start on Wall Street smashed the prospects of a positive day for the FTSE 100, with the index closing 32 points lower, or 0.49%, to 6482.

Miners drilled into the positive start for the FTSE 100 today, sending the index 1.3 points lower, or 0.02%, to 6512.7.

Global markets have witnessed significant turbulence over the weekend as investors raised concerns the full effects of the US housing downturn and sub-prime crisis have yet to be felt.

The FTSE was down 81.50 to 6527.90 with Northern Rock the worst of the bunch falling 8.61% to 186.90.

A tremendous tumble for consumer electronic retailer DSG International has led the FTSE 100 to a 1.02% fall today. The index closed 68.3 points down to 6609.4.

A bid offer for Scottish & Newcastle led to a surge for the FTSE at close of play today.