We look down under to Australia where it’s Tuesday morning:

The All Ordinaries index dropped 192 points, or 3.4 per cent, in response to big falls on European exchanges overnight.

Yup tomorrow in America is going to be very interesting.

UPDATE

Here is how the BBC is reporting the news:

Global stock indexes, including the UK FTSE 100, have fallen their most since the terrorist attacks of September 11 2001 amid fears of a recession.

This should make for some interesting talk in the debate tonight.