UK shares extend losing streak after sharp falls in US

UK stock markets and their European counterparts continued to sell-off today as ongoing worries about global growth and a sharp fall in the US overnight weighed on sentiment.

The FTSE 100 was off 0.4% or 30 points at 6,316 by 11am, having retreated from last week's high of 6,416 over the last three days of trading. Miners staged a small recovery following the steep drops seen yesterday, with Randgold Resources among the largest risers after climbing 5.3%. The wider index's move lower was mirrored in Europe, where all the major indices were in the red by mid-morning. Among them, the French Cac 40 was down 0.5% at 3,693, while the German Dax 30 shed 0.4% to 7,684. Markets extended losses following a tough session in the US where major markets fell over...