Wall Street has opened slightly lower this afternoon on the back of US growth figures, which came in just under expectations for the second quarter. Previous quarters were also revised down, suggesting the US economy is suffering more from the credit crunch than initially shown.
The Dow Jones Industrial Average was down by 0.54% at 11521.67, also driven by a jump in weekly jobless claims.
Meanwhile the turbulence continues in the FTSE100. Having traded up this morning, the index is now down 0.37% at 5400.01.
