Stocks fall in Athens after presidential election called for December 17th
- Markets fear a general election if government doesn't amass enough votes in parliament to elect a new president; Athens Stock Exchange down 12.78 per cent at 16.06 GMT.
Shanghai stock market slumps, closes down 5.43 per cent.
- The biggest fall since August 2009, attributed to profit taking and newly introduced rule on use of corporate bonds as collateral for short term financing.
UK manufacturing output disappoints
- ONS says output fell 0.7 per cent in October versus revised figure of 0.7 per cent growth in September; manufacturing up 1.7 per cent year on year.
Tesco issues profit warning
- Shares in Tesco fall almost 10 per cent as it says profits won't exceed £1.4 billion in the year to February.