FTSE 100 stages late fight-back.
UK blue chip stocks were hit by another volatile session as the eurozone crisis continued to overshadow trading.
The FTSE 100 Index traded below 5,000 at one stage, but a late session fight-back saw the index close just 10.2 points lower at 5062.9.
Concerns lingered over Europe despite news that Germany approved its share of the 750 billion euro bail-out.
A bad day on the markets was compounded by heavy falls amid banking stocks after US senators voted ofr a crackdown on Wall Street.
it was steadier trading in America, however, that helped pull the FTSE 100 out of its tailspin.
City Index analyst, Joshua Raymond, said: "There are two key issues that investors have become increasingly sensitive about - how wider EU sovereign debt could impact economic growth for several years and the potential fo stricter financial regulation."
Independent Television News Limited 2010. All rights reserved.
Independent Television News Limited 2009. All rights reserved.
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