S&P 500

Markets climbed this afternoon following a worse-than-expected jobs update in the US, as investors anticipate the Fed will now have to delay QE tapering.

Shares in low-cost airline Ryanair tumbled 15% on Wednesday after the firm issued a surprise profit warning.

Fears over US monetary tightening, rate hikes, and recession triggered the 1987 stock market crash, and there are parallels with today's market environment, said Société Générale's Albert Edwards.

Markets around the world sold off overnight while oil continued to soar, as the prospect of military involvement in Syria's civil war grows.

Shares in the US closed sharply lower overnight, with some indices hit by the worst one-day percentage falls since late June, as positive jobs data sparked fears of an earlier move to taper QE than expected.

Japan's Nikkei has soared while the yen has tumbled against the dollar, amid speculation the government is considering a corporate tax cut.

INVESTMENT TRUSTS

US markets could be heading for a 1987-style crash, according to Swiss investor Marc Faber.

CONTRARIAN

The Nikkei tumbled 3% on Friday to touch its lowest level for almost three weeks as the yen strengthened against the dollar.