Article preview: Global stock markets entered panic mode on Thursday. A combination of the US announcing its EU travel ban, and half-hearted monetary stimulus from the European Central Bank failed to calm investor’s nerves amidst a growing coronavirus crisis. It was the worst day for the FTSE 100 index of leading UK company shares since Black Monday in October 1987, and the second-worst day in history.
Worst day on the markets since 1987
This 698-word blog post provides timely narrative on the biggest one-day FTSE 100 crash since Black Monday in October 1987, looking at the causes and offering some words of wisdom for investors around diversification, taking the long-view and linking portfolios to financial goals. Written on 12th March 2020.
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