Markets

UK and European stock markets have recovered some of yesterday's losses after news the US has failed to agree a debt reduction plan sent global markets into the red.

The Financial Services Authority (FSA) has warned investors to be wary of a bogus firm trying to clone Sarasin & Partners.

Global markets fell this morning over fears the new Spanish government, instated over the weekend, will not be able to pull back its domestic economy from the brink of default.

Global markets were spooked by Spanish bond yields spiking to near-critical levels, with many indices posting losses of more than 1% overnight, and the FTSE 100 opening 1% lower this morning.

US and European markets rallied late Friday as Italian policymakers approved new austerity measures, a move which should help pave the way for a new government.

Hollywood legend Robert De Niro is to play disgraced financier Bernie Madoff in an HBO movie he will produce, according to reports.

Eurozone optimism has buoyed markets this afternoon with almost all major indices in positive territory.

The FTSE 100 soared to its highest level since early August in morning trading, as investors remained hopeful of a resolution in Europe.

Asian shares suffered overnight and European indices plunged today as investors fretted over the lack of progress towards solving Europe's debt crisis.

The FTSE 100 was trading at its highest level since early August this morning, as optimism over the crisis in Europe continued to cheer investors.