Stock markets have fallen in the US due to fears surrounding the economic impact of Donald Trump's tariffs.
Markets in Asia also saw losses early on Tuesday before easing by the afternoon, the BBC reports.
It comes after US president Trump admitted the US economy was in a "period of transition" when asked in a TV interview about a possible recession.
In the Fox News broadcast at the weekend, Trump said: "There is a period of transition because what we're doing is very big. We're bringing wealth back to America. That's a big thing."
Markets subsequently fell this week, with Tesla shares plummeting 15.4% and Meta, Amazon and Alphabet all also dropping.
Tim Waterer, chief market analyst at financial services firm KCM Trade, is quoted in the BBC as saying: "Trump is keeping political leaders guessing regarding his next moves on tariffs, but the problem is that he's also keeping investors guessing and that's reflected in the dire market mood."
FTSE 100
The UK's flagship share index, the FTSE 100, was down 107-points at 8,578 shortly after opening this morning.
Brent crude oil futures were up 0.48%, trading at $69.52 a barrel.
Companies reporting today
Domino's Pizza | Full Year Results |
Genuit Group | Full Year Results |
Kier Group | Half Year Results |
Persimmon* | Full Year Results |
Rotork | Full Year Results |
Spirax Group | Full Year Results |
Supermarket Income REIT | Half Year Results |
TP ICAP Group | Full Year Results |