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
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.
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).