FTSE in the red on US budget fears

London’s leading shares index took a fresh beating today as continued deadlock over America’s budget deficit added to worries about European debt.

FTSE in the red on US budget fears
Mon, 21 Nov, 2011 - 18:58

London’s leading shares index took a fresh beating today as continued deadlock over America’s budget deficit added to worries about European debt.

A cross-party panel set up to deliver at least $1.2tn in cuts over the next decade is expected to admit defeat this week, triggering across-the-board cuts that investors fear will impact on US growth and jobs.

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