FTSE 100

The FTSE 100 has opened 1.3% lower this morning as global indices continue to decline.

The FTSE continues to fall in early trading, weighed down by fears over the global economic recovery and a massive sell-off in BP shares.

Banks in the eurozone will suffer "considerable" loan losses in 2010 and 2011, potentially leading to €195bn (£165bn) in futher write-downs, the European Central Bank warns.

Henderson's Mark Harris has built a significant position in Middle East and African equities in his three multi-manager portfolios.

Investors face a volatile summer as fear and greed lock horns...

ASHBY'S ANSWERS

The Dow Jones has opened trading in negative territory with yesterday's surge petering out as cautious investors look to keep hold of profits ahead of the long weekend.

Global equity markets rallied yesterday as China denied reports it was reviewing its eurozone investments, with markets on both sides of the Atlantic climbing over 3%.

US markets opened lower today amid investor concerns over the eurozone and political turmoil in Korea.

Updated 9.00am: The FTSE 100 sank more than 2.5% to dip below 5,000 again in early trading as concerns over Europe's debt problems hit global markets.