FTSE 100

The FTSE 100 was off over 1% mid-afternoon as investors spooked by the latest developments in Spain took risk off the table.

Asian and US markets closed lower overnight as the latest economic data emerging from leading economies around the world continued to worry investors.

Global markets sold off this morning as bullish sentiment over central bank moves showed signs of losing momentum.

European markets were well into positive territory in afternoon trading, lifted by Spanish bailout talk, while in the US, Apple's latest iPhone sent its shares up to a new peak.

Markets were trading in the red this afternoon as eurozone worries and a dispute between Japan and China weighed on investor sentiment.

Five years on from the credit crunch which sent global stock markets into disarray and ruined many banks around the globe, including Northern Rock in the UK, the landscape for investors has changed considerably.

Markets were subdued in afternoon trading as fears over China, coupled with instability in the Middle East, weighed on investor sentiment.

Hargreaves Lansdown is telling asset management groups they do not need to overhaul their internal fund rebate systems before the arrival of ‘RDR 2‘ in 2014.

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