Stock markets in Europe and the United States are braced for their biggest falls since the 2008 financial crisis after the start of the trading week saw panic selling amid the double threat of a coronavirus-driven global recession and an oil-price war.
The FTSE100 is projected to plunge by 6.3% when trading begins on Monday morning, while the Dow Jones industrial average is on course to lose 4.9% in New York.
It follows huge losses on Asian markets on Monday where fears about the worsening worldwide economic slowdown were exacerbated by the shock decision by Saudi Arabia over the weekend to increase oil production in an attempt to drive competitors such as Russia and the US out of the market. » | Martin Farrer and Philip Inman | Monday, March 9, 2020
Tokios Börse bricht ein »
