FTSE

The FTSE 100 sunk through the 5,500 level today as political woe in the eurozone continues to cloud the outlook for the global economy.

ON EUROPE

European stocks dropped this morning as concerns grow over Greece's struggle to form a new government, and the French election results create uncertainty.

Global markets are selling off swiftly this afternoon as disappointing US payroll data sparks fears the US recovery is unsustainable.

European indices have deepened losses after US jobs figures from the Bureau of Labor Statistics came in below expectations.

A strong pound could damage both the economy and portfolios as sterling hits new highs and the UK enters a technical recession for the second time in three years.

Tineke Frikkee, portfolio manager of the Newton Higher Income fund, explains why the debate between UK and global equity income is past its sell by date.

US markets gained some ground this afternoon ahead of consumer confidence and home sales data, following a sell-off in Europe yesterday.

Global markets were higher across the board today with gains in Europe followed by a strong start on Wall Street.

Over the past two decades the FTSE All Share has beaten the majority of funds in the IMA UK All Companies sector, adding weight to the view the funds industry is in dire need of consolidation ahead of RDR.