The shockwaves waves continue after the collapse of the US investment bank Lehman Brothers. European markets have again opened down after shipping heavy losses yesterday.But they have had a softer landing this morning with major bourses showing falls of between one and two per cent.
Analysts had been predicting drops across the board of up to three percent.
But there is still turmoil in the system and traders face another frenetic day.
Debt-ridden Lehman Brothers — one of America’s biggest investment banks — went bust after potential buyers got cold feet.
Many Asian markets were closed for a holiday on Monday and only registered the first impact this morning with falls of almost 5 percent.
Europe shares down but falls limit