Japan's Nikkei fell overnight as concerns over weak US growth figures hit the country's export sector.
The FTSE 100 had a "historic" day yesterday after global mining giant Glencore appointed its first female director.
Barclays' share price has fallen 5% this morning following news US prosecutors has initiated a fraud case against the bank.
Plans to place loan-to-income restrictions on mortgage lenders have been announced by the Bank of England's Financial Policy Committee (FPC).
US prosecutors have hit Barclays with fraud charges which claim the British lender lied to investors about its dark pool electronic trading operations.
Fund managers have backed financials, retailers, and housebuilders to benefit following the latest move down in UK inflation.
US GDP contracted 2.9% in the first quarter as bad weather had a worse-than-expected impact, according to final estimates.
Schroders is among a group of investors to have acquired a $32m (£18.8m) stake in online wealth manager Nutmeg.
Weath manager European Wealth has completed its first acquisition after buying IFA Compass Financial Benefits, using the proceeds of a ££725,000 share placing to fund the takeover.
A hike in the base rate of as little as 0.25% would have a much greater impact on the disposable incomes of highly indebted consumers, potentially threatening the UK's recovery, Neil Woodford has said.