The FTSE 100 index has fallen 2.5% today, as a global stocks rout deepened.
The blue-chip index is currently down 183 points or 2.5% at 7254 points, on track for its worst day since early March, when the Ukraine war spooked markets.
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Close Brothers Asset Management’s chief investment officer Robert Alster said growth concerns were rising:
“Target and Walmart coming out with disappointing numbers has really, really spooked people,”
“We are going to see a raft of downgrades to U.S. GDP (forecasts) now… it really looks like we are running into a faster slowdown than we expected.”
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