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7 November 2012 Last updated at 18:25 ET

Greece MPs back austerity cutsA petrol bomb explodes next to riot police in Athens. Photo: 7 November 2012

Lawmakers in Greece narrowly back a fresh round of austerity measures, despite violent protests across the country.


Barack ObamaFocus turns to US budget clash

Global markets fall after Barack Obama's victory, with investor attention now turning to a looming budget clash in Washington.

Discount signs in ItalyEuro growth forecast hits markets

The European Commission cuts sharply its growth forecast for the eurozone, pushing global stock markets lower.

Our Experts

Stephanie Flanders, Economics editor Article written by Stephanie Flanders Stephanie Flanders Economics editor

Four more years... of what?

The next four months will determine how far Republicans and Democrats will take the US over the so-called "fiscal cliff".

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Robert Peston, Business editor Article written by Robert Peston Robert Peston Business editor

Does US election matter to us?

British businesses produce the goods and services that Americans want to buy. So more important for the UK than the re-election of President Obama is whether the Republican US House of Representatives will steer America away from its fiscal cliff.

Read full article

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  • Chinese man takes a photo of the Jaguar emblemSoft sell

    How Jaguar learned to negotiate in China


  • I'm sorry noteGuilt edged

    Should the Irish blame themselves for the financial crisis?


  • Two businessmen shaking handsLetting go

    Handing over the reins can be tough for chief executives


  • Two wrestlers during a boutHeavyweight bout

    The main trade flashpoints between US and China


  • US dollar notesUS cliffhanger

    Economic challenges facing the presidential hopefuls


  • A smaller share of the population is in work than when President Obama took officeJobs challenge

    US job creation is still weak, but is Obama to blame?


Market Data

Last Updated at 18:45 ET

Market index Current value Trend Variation % variation
Dow Jones 12932.73 Down -312.95 -2.36%
Nasdaq 2937.29 Down -74.64 -2.48%
S&P 500 1394.53 Down -33.86 -2.37%
FTSE 100 5791.63 Down -93.27 -1.58%
Dax 7232.83 Down -144.93 -1.96%
BBC Global 30 6239.25 Down -110.82 -1.75%

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