FTSE slides to 6,100 as eurozone deflation fears mount
The FTSE 100 tumbled again following yesterday’s violent sell-off, as the latest eurozone inflation data revealed deflationary risks show no signs of receding.
The UK blue-chip index dropped 108 points or 1.7% to 6,104. Yesterday the index shed 181 points, or 2.8%.
The latest economic data from the eurozone show inflation fell to 0.3% in September, down from 0.4% in August, and the lowest level since October 2009. That fall had been anticipated by markets, but shows the scale of the task facing the European Central Bank (ECB) in staving off deflation, which has already hit Italy and Spain.[ Read more ]