Fiscal cliff being major issue, US vulnerability to fiscal cliff damps mood, Markets fall on concern that an unexpected drop in ISM manufacturing index was driven by uncertainty related to US surrounding budget negotiations
Latest update from FTSE, Limp housing markets hobble FTSE's Wolseley, Weak European sales offset a recovering US to leave plumbers' merchant with lowest overall sales growth for two years and biggest fall on a flat index
Yeahh, US equities worries, Fiscal cliff worries weigh on Wall Street, US equities reversed course and turned negative after manufacturing data were disappointing, indicating that the threat of fiscal cliff weighed on orders
Meanwhile, Eurozone mortgage business, Europe's property loans go unpaid, Junior bondholders face possible losses with 70 per cent of commercial mortgage-backed securities deals that matured this year still outstanding
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