London's leading share index has slipped into the red in early trading, mirroring losses overnight in Asia and the US, after gloomy economic data from Japan dampened sentiment.
European equity markets have slumped in afternoon trading as Spanish 10-year bond yields approach record highs once again.
European stock markets have mirrored losses overnight in Asia and on Wall Street, despite the EU announcing it will hand Spanish banks €30bn of aid later this month.
The Dow Jones Industrial Average shed over 100 points shortly after the opening bell as US non-farm payroll data came in below analysts' expectations.
John Kennedy has deleveraged his £588m Scottish investment trust, converting its entire gearing component into cash equivalents to shield the portfolio against a further market set-back.
London's leading share index has notched up a 1.3% rise in early trading, as European policymakers announced plans to move towards a banking union.
Simon Ellis, managing director at Legal & General Investments, explains why investors are wrong to view index funds purely as capital growth plays.
Asian stocks rose overnight after Australia's central bank cut interest rates to 3.5%, providing a boost for investors.
Weak US jobs data has caused panic in global markets and forced US Treasury yields to fall to yet another record low.