The FTSE 100 has seen its longest losing streak in eight years as investors continue to sell-off shares amid fears over the state of the eurozone.
European equity markets and the euro fell deeper into the red today as Germany failed to attract buyers to its latest government debt auction.
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.