The slump in markets following President Obama's re-election continued today as fears persisted over potential gridlock on America's fiscal cliff.
Wall Street's Dow Jones Industrial Average lost another 1% overnight and triggered falls of a similar size in Asia, while in London the FTSE 100 Index was 14.1 points lower at 5762.4.
The declines come amid fears of a drawn-out battle over the looming fiscal cliff, which will mean automatic tax increases and spending cuts from January 1.
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