The FTSE slumped 1.14% to 5080.80 in early trading as it continues to be battered by global concerns over the economy and debt issues in Greece and Portugal.
London’s blue chip index closed down 2.17% to 5,139.31 yesterday as the impact of disappointing US jobless figures and mounting concerns over debt issues in Greece and Portugal reverberated around the globe. The Dow Jones dropped below the critical 10,000 mark yesterday, but eventually closed down 268 points at 10,002. Meanwhile, the Nasdaq fell 65 to 2,125 while the S&P 500 dropped 3.1% to 1,063. Oil and commodity prices slumped with copper prices declining to a three-month low and the price of crude down almost $4. The global sell-off also hit Japan with the Nikkei 225 dropping...
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