Growth fears drive FTSE 100 to lowest close in over two years - business live
(The Guardian Business News)

Rolling coverage of the latest economic and financial news, as stocks suffer their worst December in decadesLatest: US crude falls below $48/barrelMore fund managers expect global growth to weakenIFO survey shows German confidence downInvestors worried about global economy, and Fed rate hikesAsia-Pacific stocks drop as Xi disappoints 4.33pm GMT The Brent crude oil price has also slumped to its lowest level in over a year.Brent, sourced from the North Sea, is down almost 4% at $57.28, the lowest since October 2018. 4.16pm GMT Despite today´s small recovery, this month is turning into one of the worst December´s in Wall Street´s history.Indeed, Reuters has calculated that it could be the worst December since the Great Depression....The Dow is down 7.8% and the S&P 500 is down 7.6% this month. That`s the worst December performance since the Great Depression. https://t.co/tfsHna173T pic.twitter.com/7lQmisApfP Continue reading...