The index of 100 leading shares fell 3pc by early afternoon to 4905 points – the lowest since September. Markets in France , Germany and the US suffered similar declines after a larger-than-expected decline in US consumer confidence.
Frankfurt's DAX 30 slid 3.2pc and Paris's CAC 40 tumbled 3.7pc. In New York, the S&P 500 was off 2.8pc, with the Nasdaq down 3pc while the Dow Jones Industrial Average dropped more than 2pc, to below the 10,000 mark.
Michael Sheldon, chief market strategist at RDM Financial, said: "Investors are clearly nervous ...if we see consumers once again take on that bunker mentality that we saw during the prior recession, we could be entering a period of lower growth once again." (more)
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