Markets retreat after JPMorgan’s $2bn trading losses and weak economic data from China

Another economic horror, Risk aversion rises after JPMorgan losses, Wall Street slips as funds move to 'safe' assets after the US bank adds to worries about global growth and the eurozone

Many investment bankers and forex traders also Banks hit as focus shifts to financials, Lenders fall as news of JPMorgan's $2bn trading loss sweeps through the market, as the bank's shares drop 11.5 per cent to $37

From Eurozone currency, Euro higher on hopes for Greek coalition deal
The single currency pared some of its losses for the week on hopes for greater clarity in Athens

Meanwhile, IEA sees pick-up in global oil demand, Energy watchdog says growing consumption in emerging markets like China will more than offset fall in wealthy countries, especially in Europe

From Athens we reporting, Greek banks hit by political uncertainty, Previous session's respite from heavy selling proves shortlived as European markets fall and Vallourec plunges after sales forecast

Index data from NYSE Liffe reclassifies trading positions, Exchange's changes this week have deepened scepticism about data in some quarters of London-based soft commodities market

From Asia economic news, Asia falls on global slowdown fears, Markets retreat after JPMorgan trading losses and weak economic data from China, while poor earnings reports hit Panasonic and Sony, very bad situation