FTSE falls on recovery fears in US and Asia

The index of 100 leading shares opened down this morning as investor confidence was hit by stock sell-offs in the US and Asia.

In London, the FTSE opened down 1.32%, or 68.51 points, to 5,133.05, losing gains made on Friday. Financials were the early fallers. Barclays shares lost 7.7p, or 2.53%, to 296.25p per share. RBS shares were also down in early trading, down 0.99p, or 2.28%, to 42.51p per share. European stocks were also lower. The German Dax opened down 38.76 points, or 0.65%, at 5,912.41. In France the CAC was down 20.43 points, or 0.58%, at 3487.01 just after opening. Disappointing personal income and spending data from the US are being blamed. In New York on Monday, the Dow fell 140.92 points...