Eurozone fears push Footsie into the red

London's FTSE 100 Index closed in the red again as world markets continued to suffer amid fears over Spain and the eurozone.

A warning on Germany's financial health from ratings agency Moody's added to investor nervousness, while Spain also edged closer to a full-blown bail-out as its borrowing costs soared.

The Footsie closed 34.6 points lower at 5499.2 following a 2% plunge on Monday, which wiped £30 billion from its value amid concerns over Spain and Greece.

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