Global equity rout sends FTSE to April lows

Check out this article about the FTSE. Is this the start of a new reversion to the mean??

LONDON (Reuters) - UK shares fell to their lowest since April as a global rout on equity markets caused by fears of fast-rising rates and risk aversion amid a burst of volatility took its toll in Europe after hitting Asia and Wall Street.

The FTSE 100 (FTSE) fell 1.4 percent by 0839 GMT, a fall broadly in line with European benchmarks, all retreating after the S&P 500 (SPX) and the Nasdaq (NDX) plunged in New York overnight.

"The bloodbath for global equities comes as investors adjust to a world of higher US interest rates", said Jasper Lawler from London Capital Group, explaining that investors were switching bets on so-called growth stocks, like America's Facebook (O:FB) or Amazon (O:AMZN) to "more conservative strategies".

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https://uk.investing.com/news/economic-indicators/global-equity-rout-sends-ftse-to-april-lows-1340012