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European markets fell back into the red on Friday as investor concerns about the global economy returned.

European markets fell back into the red on Friday as investor concerns about the global economy returned.

European officials are planning to speed up the recapitalisation of 16 major banks that nearly failed last summer's stress tests as the economic crisis gripping the region worsens.

Prime Minister David Cameron warned last night the global economy is under threat by the failure of eurozone leaders to agree a lasting deal to stabilise the single currency.

Gold lost as much as 2.5% this morning as investors fled to the dollar following the Fed's latest stimulus measures.

US shares tanked at opening, copying markets across Europe, as investors Stateside gave the Fed's latest efforts to stave off recession the thumbs down.

The UK is heading for zero average GDP growth over the next five years, according to the chief strategist at Arbuthnot Securities.

(Updated) The FTSE 100 was well below 5,100 late morning as investors sold off shares following the Fed's latest move to stimulate the US economy.

Heavy selling dominated the early trades on London's FTSE on Thursday after the Federal Reserve painted a gloomy picture of the global economy.

Rathbones Unit Trust Management has unveiled a Strategic Bond fund to be managed by Bryn Jones.