BBC News: Reports on the dive in shares in both the UK and Europe, at 10.46am, the FTSE - 100 is down 2.29%, while in Europe the trend is between 2% and 3%. The next big economic news will come from the US, with those getting employment. The Obama White House needs to create jobs, in the recession of 1982/83 the US was in dire straights, but from that major recession came a economic boom, this was done with Tax cuts, cutting Government spending, also a massive increase in Defence spending, Obama keeps wanting to raise taxes and cut defence spending, no wonder he looks like a one term President.
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