08:57

US markets are set to open soon and at the moment it looks bad.

Dow Jones Industrial futures - an indication of which way the market will go - are down 2.64% or 468 points. It’s not as bad as the drops we saw during the financial crisis - which were often twice that or more - but there are other signs of worry.

Oil is down, Brent crude is off 4.9% at $48.45, suggesting worries about a global slowdown. And gold - favourite investment of worried investors - is up 5.2% at $1,328.