US shares dipped into negative territory in early trading as the after-shock of Dubai's debt mountain disclosure continues to shake world markets.
The Dow Jones was down 2%, or 211 points, at 10,253.39 when it opened this morning for the fist time since Wednesday owing to the Thanksgiving holiday. However, the FTSE continued its recovery this afternoon after taking its sharpest plunge for eight months yesterday following news that Dubai World - a government owned investment company - was seeking to delay bond repayments. Shortly after 3.30pm, the FTSE index of leading shares was up 1.09% to 5250.76. Government-controlled RBS shares rebounded 5.7% to 34.90 pence. News of Dubai's debt problems rattled world markets yesterday, w...
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