MARKETS: After FTSE stabilises the US Stocks open down more than 1%, Dow off 250 points as energy lags, with #oil weighing down markets on news that global markets will show a surplus – @AceFinanceNews

#AceFinanceNews – Sept.13: FTSE stabilises after sell-off, underperforms Europe

Britain’s top share index steadied on Tuesday after a steep drop in the previous session, although broker downgrades on Associated British Foods and Intu Properties kept shares under pressure.

Stocks down more than 1%, Dow off 250 points as energy lags

U.S. stocks traded sharply lower Tuesday as investors looked ahead to next week’s Federal Reserve meeting while keeping an eye on falling #oil prices.

Global oil outlook darkens more quickly; surplus stubborn

The global #oil market will show a surplus into next year, as an abrupt deterioration in demand growth meets rising supply, pushing world inventories to yet another record high and confounding the previous expectations of leading energy agencies.

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