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.
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.”