Markets are plunging again

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Decatur Boarding the Tripolitan Gunboat barbary wars

Naval Historical Center

Oil painting of Decatur Boarding the Tripolitan Gunboat during the bombardment of Tripoli, 3 August 1804. Lieutenant Stephen Decatur (lower right center) in mortal combat with the Tripolitan Captain.

It's a bad start to the week for the markets.

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Poor economic data from China has sent people running from stocks.

China's official measure of manufacturing activity fell to 49.7 from 50.0 in July - the fastest pace of contraction since August 2012.

European economies have also reported some terrible economic data.

Here's the European share market scoreboard:

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UK's FTSE: -2.19%

Germany's DAX: -2.72%

France's CAC40: -2.42%

Spain's IBEX: -2.12%

And this is what's happened to the Euro Stoxx 50, which is an index of Europe's biggest publicly listed companies. It's currently down 2.65%:

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Stoxx Sept 1

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