Fears that time has run out for US politicians to hammer out a deal to avoid a so-called fiscal cliff sent world markets into the red once more today.
Reports of an impasse between US politicians over how to tackle the fiscal cliff led to a stand-off in the world markets today.
European markets lagged behind Wall Street today as speculation over US talks on the looming fiscal cliff continued to drive sentiment.
Uncertainty over talks to head off the looming fiscal cliff in the US kept the London market in check today as eurozone concerns also weighed on stocks.
The Chancellor's choice of Bank of England governor failed to liven markets today as fears over the approaching fiscal cliff in the US continued to trouble investors.
The FTSE 100 Index struggled to find direction today as fears of a potential gridlock over budget measures in the US continued to plague investors.
Euphoria surrounding President Barack Obama's reelection fizzled out today as investors' focus switched to the approaching "fiscal cliff" in the US.