Investors have been braced for more volatility after the Ukraine crisis and fears of imminent US interest rate rises triggered a global sell-off.
Wall Street’s tumultuous session yesterday saw the Nasdaq slump 5% before rallying back into positive territory. That fightback has enabled the FTSE 100 index to trade higher, having fallen 2.6% on Monday, but US futures are pointing to a weak start later.
The impact of inflationary pressures is revealed in today's latest public sector borrowing figures, with the total of £16.8 billion the fourth-highest since monthly records began in 1993 but down on £24.4 billion a year earlier.
