Rolling coverage of the latest economic and financial news, as shares fall sharply again in Asia and EuropeLatest: Circuit-breakers kick in as New York falls 8%1.30pm: FTSE 100 down 8% at 4932 pointsMarkets are plunging againCoronavirus – latest updatesSee all our coronavirus coverageFederal Reserve cuts interest rates to near zero 1.54pm GMT Newsflash: Trading has resumed on Wall Street, and stocks are rocketing lower: 1.46pm GMT The news of Wall Street’s plunge has driven shares down even further in Europe.The FTSE 100 index is now down 8.5%, or 460 points, at 4904 points — still its lowest intraday level since October 2011. Continue reading…
Via: Wall Street plunges as Covid-19 global recession fears haunt markets – business live
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