Panic hits global markets amid threat of coronavirus and oil price slump
FTSE100 expected to fall 6.3% on opening on Monday after Asian shares are battered by growing fears of a worldwide recession
Stock markets in Europe and the United States are braced for their biggest falls since the 2008 financial crisis after the start of the trading week saw panic selling amid the double threat of a coronavirus-driven global recession and an oil-price war.
The FTSE100 is projected to plunge by 6.3% when trading begins on Monday morning, while the Dow Jones industrial average is on course to lose 4.9% in New York.