Selling pressure has returned to global stock markets after recession fears were stoked by weak US consumer confidence figures.
New York-listed technology stocks bore the brunt as the Nasdaq fell 3% last night and the S&P 500 declined by 2%, ending a recent run of more stable trading.
Attention this afternoon will be on the ECB Forum on Central Banking in Portugal, where Bank of England governor Andrew Bailey and Federal Reserve chair Jerome Powell are panellists.
