Stock markets UK stocks tumble as concerns grow over febrile global markets FTSE 100 slumps 2.6% to 7,141 to wipe all gains on year’s trading but New York recovers late on The global selloff continued across Europe on Tuesday. Quick guide The stock market drop Show Hide Why are stock markets falling? “Corrections are caused by people having to reposition for new environments.”The Vix index, which measures the volatility of global markets, suffered its highest one-day spike on record on Monday. He said in testimony to Congress that markets were functioning very well and the current market sell-off was just a correction. There’s nothing really happening on the fundamentals front.”Paul Donovan, chief global economist at UBS, said the stock market fall was likely to be choked off while the global economy remained strong.

Source: The Guardian February 06, 2018 19:50 UTC