The London market continued to come under pressure today after a credit rating agency hit Germany with a negative outlook and added to ongoing fears over the future of the eurozone.
The FTSE 100 Index was 10 points lower at 5523 after a pounding yesterday when it fell 2%, wiping £30 billion from its value amid concerns over Spain and Greece. Moody's last night lowered its outlook on Germany's credit rating to negative from stable, denting faith in Europe's strongest economy.
The move came after a turbulent day for the single currency bloc, which saw the yield on 10-year Spanish bond hit euro-era highs of 7.5% as it became increasingly likely that the country would need an EU bailout.
More top news
The International Olympic Committee's (IOC) has ruled out a total ban on Russian athletes after revelations of state-sanctioned doping.
Burnley have apologised to Bradford after one of their supporters was ejected from Saturday's pre-season friendly at Valley Parad
Two British schoolchildren seriously injured in a coach crash on the Swiss border remain in hospital in France.