UK and European stock markets have recovered some of yesterday's losses after news the US has failed to agree a debt reduction plan sent global markets into the red.
The FTSE 100 opened roughly 0.58% or 30 points higher to reach 5,253, while the Germany's Dax edged up 0.67% or 37 points to reach 5,643 and France's Cac 40 edged up 0.77% to 2,917. News that a US congressional committee tasked with reducing its $1.5trn deficit by $1.2tn (£726m) had failed to reach agreement was confirmed overnight. Yesterday markets fell as news of the failed agreement spread across the globe. Overnight the main Asian stock markets, including Japan's Nikkei 225 and Hong Kong's Hang Seng, dropped about 1%, while US markets saw heavier falls, with the Dow Jones losi...
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