European Central Bank warns of growing risks to global financial stability – as it happened
Rolling coverage of markets, economics and business news amid warning of increased risks posed by non-bank lenders
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2.59pm GMT
Wall Street has followed the lead set by major Asian and European counterparts, with early declines as investors digest another twist in the US-China trade battle.
The worsening outlook on US-China relations has been set off by, well, take your pick: the US Senate angered China with a new bill aimed at protecting the rights of protestors in Hong Kong; a former employee of the British consulate there alleged he was tortured during detention by China; and Donald Trump last night said tariffs could rise if no deal is agreed.
2.32pm GMT
Major indices on Wall Street have fallen across the board.
The Nasdaq fell by 0.3%, the S&P 500 lost 0.2% and the Dow Jones industrial average fell by 0.2% at the opening bell.