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On opening, the London-based stock market dropped by 72 points, a fall of 1.7 per cent.
In the previous session, the exchange fell by 222 points, reports the Financial Times.
Matt Buckland of CMC Markets commented: "With so much gloomy economic news in circulation right now it’s difficult to see how the current mindset can be broken.
"With that in mind the consensus could be to batten down the hatches and ride out the choppy market conditions."
Recently, president-elect Barack Obama unveiled an economic recovery team which includes the former chairman of the Federal Reserve, Paul Volcker.
The Economic Recovery Advisory Board, which includes figures from business and academia, aims to provide the incoming administration with a greater breadth of advice about how to revive the US economy.
