Global markets rout: FTSE slumps to lowest point in four years as Europe’s banks reach danger point
Concerns over the health of the financial system and danger of negative central bank interest rates cause European stocks and the FTSE to slump for consecutive trading day
By Mehreen Khan
Telegraph.co.uk
09 Feb 2016
Black Shrove Tuesday
Markets have gone flippin’ mental today as investors have jumped out of the frying pan and into the fire on Shrove Tuesday (I will stop now).
Here’s how we’re closing in Europe. The FTSE has closed at its lowest point since August 2012 at 5632.
The decline and fall of Europe’s banks
Europe’s Stoxx 600 index of banks has now fallen to its lowest level since August 2012, and has lost another 5.6pc today.
Among the biggest fallers are Italy’s Unicredit which is down -7pc, Commerzbank at -4.74pc, and Deutsche which is now trading lower by 1.5pc.
The Rest…HERE
