The FTSE 100 has slumped by 8.3% following the UK’s vote to leave the European Union in yesterday’s referendum, while government bond yields have fallen to record low levels. Markets will also now be digesting the news Prime Minister David Cameron has announced his resignation. He said this morning he hopes a new leader will
Renminbi hits five-year low – China’s entire equity market was suspended within half an hour of trading overnight as the region’s blue chip index fell 7%, bringing total losses to 12% in the first four days of 2016. In a repeat of Monday’s suspension, a circuit breaker introduced to curb volatility after last August’s Black
The FTSE 100 rebounded 1.1% in early trading this morning, following its worst New Year opening in 16 years, as Chinese indices managed to stem falling share prices seen on Monday. The UK’s blue-chip index was up to around 6,160 points by 8.30am this morning, led by supermarket giant Tesco, which was up 4.6% to 148.8p,
