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Markets are plunging again

Ben Moshinsky   

Markets are plunging again

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.

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:

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%:

Stoxx Sept 1

Investing

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