Rolling coverage of the latest economic and financial news, as stocks slump across the world amid the deepening coronavirus crisis
- NEWSFLASH: Britain’s FTSE 100 has plunged this morning
- Footsie in bear market
- 10.15am: FTSE 100 down 438 points or 6.8% at 6023
- Oil giants hammered as crude falls 30%
- Stocks slumped in Asia-Pacific overnight
- Introduction: Economists fear a global recession
On a trading floor near London’s Liverpool Street Station, the trading floor of spreadbetting firm ETX Capital is buzzing.
“We’ve not seen anything like this since the financial crisis.”
Financial service company Hargreaves Lansdown, which provides ISAs, pensions, and share dealing, says it is “very busy” this morning.
It’s not clear whether that’s people looking to sell, or buy, or simply check how much poorer they are today.
Hi, I’m really sorry. We’re very busy this morning and there may be a short delay on the phones. Sarah
If the service I’ve seen from Hargreaves Lansdown brokers is anything to go by, a huge tranch of retail haven’t been able to get out or in to anything so far this morning https://t.co/Ts4zNMZoQv