Global manufacturing slowdown sends stock markets tumbling
Manufacturers react to surveys showing declining orders by slashing production and jobs
Strong signals that a slowdown in global manufacturing intensified in September have sent stock markets tumbling.
The FTSE 100 rolled back all the gains made since mid-August as it dropped 125 points to 7,234, a fall of 1.7%. Extending the losses overnight on Asian markets, shares on continental European markets also suffered losses with the Paris CAC reversing by 1.2% to 5,528. On Tuesday, the New York Dow...