FTSE 100 falls in second day of global market turbulence
by Larry Elliott Economics editor from Economics | The Guardian on (#40MP7)
Panic selling on Wall St spreads amid concern over trade disputes, inflation and Trump's clash with Fed
The City has felt the full impact of a sell-off in global financial markets with shares in the FTSE 100 index of leading companies now more than 10% below their record peak in May.
On a second day of turbulence, aftershocks from panic-selling on Wall Street rippled through Asian and European bourses as dealers took fright at trade tensions, the prospect of higher inflation and Donald Trump's attempts to put pressure on America's central bank over interest rates.
Continue reading...