Millions wiped off pensions as FTSE 100 loses £27BILLION in shock global plunge

Millions wiped off pensions as FTSE 100 loses £27BILLION in shock global plunge
 

More than £27 billion was wiped off the value of London's top-flight index as a sell-off ripped through global markets on Tuesday, culminating with a huge slump in the Dow Jones.
This morning, the FTSE opened at 7,081.03, down 253.95 points or 3.5 percent in what is expected to be another harrowing day for global markets.
The slump in the value of shares is set to hit pension savers in the pocket.
Neil Wilson, analyst at ETX Capital in London: "Equity nervousness seems to be about repricing for higher yields and tighter Fed policy and the fear that the bond market has broken out of its... read more

 
6 February 2018 in Business, Views: 31
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