This article is from the source 'independent' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.independent.co.uk/news/business/ftse-100-live-updates-share-prices-latest-news-us-stock-exchange-drop-treasury-trump-wall-street-a8196371.html
The article has changed 9 times. There is an RSS feed of changes available.
| Version 2 | Version 3 |
|---|---|
| FTSE 100 - live updates: Share prices tumble after worst day for US stocks in more than six years | |
| (35 minutes later) | |
| The FTSE 100 plunged on Tuesday morning, following dramatic sell-offs across the US and Asia, sparked by inflation fears after strong US jobs data triggered a surge in bond yields. | The FTSE 100 plunged on Tuesday morning, following dramatic sell-offs across the US and Asia, sparked by inflation fears after strong US jobs data triggered a surge in bond yields. |
| The UK’s benchmark stock index tumbled 3.5 per cent shortly after the market open, mirroring similar losses across France, Germany and other European markets. | The UK’s benchmark stock index tumbled 3.5 per cent shortly after the market open, mirroring similar losses across France, Germany and other European markets. |
| Earlier on Tuesday, Japan’s Nikkei 225 tumbled 4.7 per cent, marking its worst fall since November 2016 and taking it to a four-month low. | Earlier on Tuesday, Japan’s Nikkei 225 tumbled 4.7 per cent, marking its worst fall since November 2016 and taking it to a four-month low. |
| On Monday, the US benchmark S&P 500 fell by more than 4 per cent and the Dow Jones Industrial Average lost 4.6 per cent. Those represented the largest percentage drops since August 2011. | On Monday, the US benchmark S&P 500 fell by more than 4 per cent and the Dow Jones Industrial Average lost 4.6 per cent. Those represented the largest percentage drops since August 2011. |
| Traders agreed that the primary trigger for the global stock rout was a sharp rise in US bond yields after data out of the US on Friday showed wages increasing at the fastest pace since 2009. | Traders agreed that the primary trigger for the global stock rout was a sharp rise in US bond yields after data out of the US on Friday showed wages increasing at the fastest pace since 2009. |
| That in turn raised the prospect of higher inflation and, as a result, the possibility of higher interest rates. | That in turn raised the prospect of higher inflation and, as a result, the possibility of higher interest rates. |
| Markets have been propped up by massive central bank stimulus for years sending stocks to record highs on a regular basis. | Markets have been propped up by massive central bank stimulus for years sending stocks to record highs on a regular basis. |
| Some experts also said that investors could now be jittery as a result of a change of leadership at the US Federal Reserve and the uncertainty this might introduce. Jerome Powell succeeded Janet Yellen earlier this month. | Some experts also said that investors could now be jittery as a result of a change of leadership at the US Federal Reserve and the uncertainty this might introduce. Jerome Powell succeeded Janet Yellen earlier this month. |