This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.bbc.co.uk/news/business-46741106
The article has changed 5 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| US shares extend slump over growth fears | US shares extend slump over growth fears |
| (35 minutes later) | |
| US shares suffered steep losses early on Wednesday before recovering some ground. | US shares suffered steep losses early on Wednesday before recovering some ground. |
| The three leading market indexes opened down more than 1%, following reports of weaker than expected manufacturing activity in China. | The three leading market indexes opened down more than 1%, following reports of weaker than expected manufacturing activity in China. |
| But sentiment shifted by mid-day, when the Dow Jones, S&P 500 and Nasdaq were only modestly lower. | But sentiment shifted by mid-day, when the Dow Jones, S&P 500 and Nasdaq were only modestly lower. |
| European markets followed a similar path. In London, the FTSE 100 closed up about 0.1%. | European markets followed a similar path. In London, the FTSE 100 closed up about 0.1%. |
| After a rough-and-tumble 2018 - which saw some of the steepest declines on global stock markets since the financial crisis - the outlook for financial markets this year is mixed. | After a rough-and-tumble 2018 - which saw some of the steepest declines on global stock markets since the financial crisis - the outlook for financial markets this year is mixed. |
| London's 100 share index performance 2018 | London's 100 share index performance 2018 |
| Analysts expect economic slowdowns in key countries in 2019, including China and the US, fuelling investor angst. | Analysts expect economic slowdowns in key countries in 2019, including China and the US, fuelling investor angst. |
| Political questions, including over Brexit and US President Donald Trump's trade battles with China and Europe, have added to those fears. | Political questions, including over Brexit and US President Donald Trump's trade battles with China and Europe, have added to those fears. |
| Central banks are also shifting away from the fiscal stimulus that has kept the cost of borrowing low in the years after the financial crisis. | Central banks are also shifting away from the fiscal stimulus that has kept the cost of borrowing low in the years after the financial crisis. |
| The most immediate cause for concern however were figures out on Wednesday that showed activity in China's manufacturing sector contracted in December for the first time in more than two years. | The most immediate cause for concern however were figures out on Wednesday that showed activity in China's manufacturing sector contracted in December for the first time in more than two years. |
| Manufacturing activity in the US also shrank. | |
| The shutdown of the US government, triggered by Mr Trump's standoff with Congress over funding for a wall along the Mexican border, has added to the concerns. | The shutdown of the US government, triggered by Mr Trump's standoff with Congress over funding for a wall along the Mexican border, has added to the concerns. |
| At mid-day, the Dow and S&P 500 were down about 0.3%, while the Nasdaq was flat. | At mid-day, the Dow and S&P 500 were down about 0.3%, while the Nasdaq was flat. |