Wall Street slides as Covid-19 fears rattle global markets – business live

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Rolling coverage of the latest economic and financial news, as European markets sink to their lowest point since May

  • Latest: Dow tumbles 500+ points
  • European markets at five-month lows
  • FTSE 100 has sunk to weakest point since April
  • Introduction: France considering new national lockdown
  • Angela Merkel keen to close German bars and restaurants
  • Coronavirus – latest updates
  • See all our coronavirus coverage

2.19pm GMT

Back in London, the FTSE 100 has just hit a new six-month low – down 163 points or 2.85% at 5,565.

That’s the lowest point since early April, and leaves the Footsie down 26% for the year.

2.14pm GMT

Wall Street’s selloff is gathering pace, with the Dow Jones industrial average now down 607 points at 26,855 (-2.2%).

That’s a new one-month low (going back to 25th September), and means the Dow is down 6% this year (and over 3% this month).

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