More disappointing economic data from the US kept markets on a downward spiral yesterday as investors remained concerned by the pace of the economic recovery.
The FTSE 100 Index struggled to keep above the 5100 mark and closed 46 points down at 5109, after the US Commerce Department said durable goods orders only rose 0.3 per cent last month, much worse than the 2.8 per cent growth forecast.
On the other side of the Atlantic, as the London market closed, Wall free dive watch Street's Dow Jones Industrial Average, which yesterday dipped below 10,000 for the first time since early July, was down by just under one per cent, at 10033.
Designer ShoesTraders' confidence has been shaken by a string of troubling updates on the US economy, including dismal home sales figures on Tuesday.
The world's biggest economy will be further tested later this week with the release of figures on consumer confidence and revised second quarter GDP, as well as the latest speech on the state of the economic recovery from Federal Reserve chairman Ben Bernanke.
Jaeger-LeCoultre Reverso Neva Ladies Watch Q2673404The mood in Japan was also uncertain after figures earlier showed the country's exporters were feeling the pinch after demand from overseas customers slowed for the fifth consecutive month in July.
Replica WatchesReplica Watches