Investors decided to call it a day in the Equity markets yesterday and run for the doors, as the poor growth data from the US, coupled with  Eurozone debt concerns, now including Italy, underlined the feeling that enough is enough for now.

In a market where losses of over 5% in individual stocks in all sectors have not been unusual, Banks and Financial institutions have lost more than most, as their assets could well include what is now higher risk and suspect Sovereign Eurozone debt.

Here in the UK the Footise lost 3.4% with Lloyds losing a massive 10%, Barclays, just short of 8% and the RBS 6%.

Mining companies, also vulnerable to doubts over growth, have also been hit very hard showing individual losses of up to 8%.

The Futures markets are pointing towards another bad day at the office as far as equities go and it it hard to see where the good news is going to come from to halt the panic that has gripped the markets at this time.