Rolling coverage of the latest economic and financial news, as shares slide in Asia and Europe
- Italian budget, Brexit, Khashoggi death and nuclear worries weigh on markets
- Asian shares on brink of bear market
- FTSE 100 has dropped below 7,000 points
- European stocks hit 22-month low
No wonder the FTSE 100 is falling.
UK investor morale has hit its lowest level in at least 23 years, according to financial services firm Hargreaves Lansdown.
‘Investors are in grim mood, as time is running out on Brexit negotiations with little progress on show. Sentiment was dented by the financial crisis, but not to the extent we are seeing today.
That’s perhaps because the crisis unfolded in an unscheduled fashion, while the timeline on the UK’s withdrawal from the EU is there for all to see. A looming early Budget and a stormy October on the markets will do little to settle nerves.
Over in Ankara, Turkey’s president has told its parliament that the murder of Jamal Khashoggi was a premeditated and meticulously planned political assassination.
Recep Tayyip Erdoğan vowed to pursue the investigation into Khashoggi’s death, calling on Riyadh to hand over those responsible. Here’s a link to our liveblog.
Erdogan calls on Saudi Arabia to hand gang responsible for Khashoggi violent murder to be tried in Istanbul. Asks Riyadh to identify “the local collaborator” that it alleges dumped his body. Adds no-one believes a small group planned killing. Who sent gang to Istanbul, he asks.
“I do not doubt the sincerity of King Salman. That being said, independent investigation needs to be carried out. This is a political killing”
President Erdoğan: “Pinning such an incident on a few security and intelligence officials satisfies neither us nor the international community.
Conscience of the humanity will be contented only if all, from those giving the order to those executing it, are held to account.”
Getting away with murder, chart edition https://t.co/UGGPM1GgUN