U.K.: "FTSE 100 sees £49bn wiped off shares on euro fears and bank lawsuit"

dow futures down 230 points.........from the telegraph........

"The FTSE 100 tumbled 3.6pc - 189.45 points - to close at 5,102.58 after investor confidence was knocked by an unexpectedly sharp fall in services sector growth in August.

The Markit/CIPS services purchasing managers' index fell to 51.1 in August from 55.4 in July, the biggest drop since the foot and mouth crisis a decade ago. Economists were alarmed by the scale of the fall, which had been far larger than expected and triggered fears that the UK is now on course for a double-dip recession"..............READ MORE