The FTSE 100 experienced its third day in a row of sharp falls as concerns about global growth come to the fore. The blue-chip index was down 1% at 7,020 with energy, financials and miners among the worst performing sectors – and all three driven by economic activity, which shows you how investors are thinking, says Russ Mould, investment director at AJ Bell.
“The ECB will be in focus later today as it is expected to update on any plans to taper bond purchases. The US Federal Reserve is unlikely to be in a rush to start easing its economic support measures following the very disappointing August jobs numbers, but will Europe finally be one step up on this point?
“International Consolidated Airlines was the biggest faller on the FTSE. The fact that EasyJet is raising more money to help to capitalise on growth opportunities would suggest that some of IAG’s peers are getting their ducks in a row to accelerate their recovery, whereas the British Airways owner is still plagued by high debts.”