Equities

Markets across the US and Asia closed sharply lower overnight as investors switched to risk-off mode en masse.

Facebook, the social networking giant, saw its shares jump 14% after the US market closed yesterday following an update from the group which showed a major revenue boost from mobile ads.

European equities are failing to bounce back from yesterday's falls this morning as poor earnings and macro concerns hit home.

Schroders' head of UK equities Richard Buxton says market timing has never been more essential, with the FTSE 100 set to remain stubbornly range-bound over the medium term.

BLACK MONDAY

BLACK MONDAY

With equity markets more volatile than ever, and safe havens around the world looking vulnerable to a correction, investors have more things than ever to fret over as they try to steer portfolios through the turmoil.

Monday 19 October, 1987, is known as 'Black Monday' after stock markets worldwide plummeted in a single day.

India's National Stock Exchange has said 59 "erroneous orders" were responsible for a plunge in Indian equities that saw the S&P ‘Nifty' index shed 15% earlier today.

Internet search giant Google has become bigger than Microsoft in terms of market cap after its shares surged 30% in the last quarter.