FTSE Falls As Economy Grinds To A Halt
Published / Last Updated on 02/10/2019
FTSE 100 fell nearly 4% today with investors doubtful for the UK economy ahead of Brexit.
Data released today saw that the construction sector activity fell at its second fastest rate since last month and the manufacturing sector yesterday saw it was close to recession.
In addition, US factories have had their worst month since 2009 in September.
- The German Dax stock index was 3% lower
- The French CAC 40 was down 2%
- The Pan-European Euronext 100 was down 1.5%
- The FTSE 250 also down 4% at close
The fall came soon after the Prime Minister Boris Johnson announced his final offer to the European Union. His proposal of Northern Ireland staying in line with large parts of the EU’s single market until 2025 but leaving the customs union with the rest of Britain.