Rolling coverage of the final trading day before Christmas, as Britain’s FTSE 100 loses £76bn during December selloffLatest: The FTSE 100 has hit its lowest close since September 2016No Santa Rally this yearMnuchin is arranging a crisis team to reassure marketsReports Trump might fire Powell spook investors 1.46pm GMT With the London stock market closed, traders can make a late dash to the shops!And they’ll find them quite busy. 1.33pm GMT Financial experts are continuing to criticise US Treasury secretary Steven Mnuchin, over his attempts to reassure the markets:Here’s Bloombeg’s Tim O’Brien.When you convene CEOs of the nation’s largest banks on a holiday weekend when no one was previously worried about liquidity in the financial system and then make an announcement about it. pic.twitter.com/F2YsrFVUxuHonestly, this would be comic if it wasn’t so tragic as the name is ridiculous and depressing the same time, the ultimate markets tragicomedy unfolds. It is getting so bad out here that investors might be in the midst of giving up on the US administrations policies, voting with their feet and fleeing risk markets en masse. Continue reading…
Via: FTSE 100 hits two-year closing low as 'Santa Rally' turns to rout – business live
Categories: English News