America's 'No' vote on bail-out shakes world's markets

The carnage on Wall Street reverberated across Europe today after US politicians rejected a $700bn (€487bn) bank rescue plan.

America's 'No' vote on bail-out shakes world's markets

The carnage on Wall Street reverberated across Europe today after US politicians rejected a $700bn (€487bn) bank rescue plan.

Britain’s FTSE 100 fell by as much as 3% in early trading, with particularly sharp declines in the banking sector. But the index then recovered, trading down only 0.15%.

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