The global market meltdown is continuing, with Wall Street joining in.
In early trading the Dow Jones Industrial Average is down around 135 points, or more than 1%. The FTSE 100 is now off 1.8%, while Germany's Dax is down 3% and France's Cac is 2.46% lower.
A cocktail of news has unsettled investors, not least the expected resignation of the Dutch government over disagreements about its proposed austerity programme. The victory by François Hollande over Nicolas Sarkozy in the first round of the French presidential elections has prompted concerns about the country's future attitude to the eurozone's fiscal pact.
On top of that came a host of disappointing manufacturing data, including from China and Germany, along with the Spanish central bank saying the country had slumped back into recession.
