Shares keep falling as bailout package for US economy makes little impact

Turmoil in the global financial markets continued on Monday, as fears grew that the $700bn US bailout for the financial sector would fail to revive the troubled economy.

The FTSE 100 is opening today 32 to 34 points lower than on Tuesday, after closing 75 points down yesterday.

Stocks tumbled in the US, and in Asia the MSCI index of Asia Pacific stocks dropped by 1.7%.