European markets held firm today as investors digested the success of anti-austerity party Syriza in Greek elections last night.

Britain’s under-fire energy suppliers said today they will cut household bills after the Government confirmed a shake-up of green levies.

Asian stock markets slumped today amid new signs of pressure on Europe’s banking system and a downturn on Wall Street.

Shell-shocked investors were spared further heavy losses today as stock markets held firm in the wake of yesterday’s bloodbath.

World stock markets are being pushed to 13-month lows with fears of another global recession and talk of governments stepping in to soothe nerves.