The FTSE has plunged into negative territory after disappointing US jobs data reignited fears over the economic recovery.
US markets got off to a mixed start Monday as European nations continued to debate the future of Greece.
Greek prime minister George Papandreou yesterday survived a vote of confidence in his government, sending Asian markets soaring overnight.
European markets rallied this morning on news the European Union will support troubled Greece if it introduces additional spending cuts and a privatisation programme.
Markets worldwide suffered on news the US is likely to put an end to its loose monetary policy.
US shares moved lower at opening, exacerbating falls in Europe, as yet more negative jobs data weighed on investors.
Woeful economic data in the US and a three notch downgrade of Greece's credit rating saw global markets tumble overnight.
LV= Asset Management (LVAM) has today launched a US income fund for UK equity fund manager Marcus Chandler.
The dollar has plummeted to a 16-month low against the euro as markets expect the Federal Reserve to signal it will hold interest rates.
A quartet of top asset allocators reveal their favourite US funds.