The FTSE 100 just closed down 0.61% in London, while markets across the rest of Europe are also sliding.
Germany’s DAX is down 0.32%, France’s CAC 40 is down 0.22%, and the Euro Stoxx 50 is down 0.28%.
London’s stock exchange was hit by a collapse for Wolseley, the plumbing and heating group, after it warned of “challenging” market conditions. Wolseley ended the day down 12.47%.
Wolseley’s warning also hit house builders Taylor Wimpey, down 4.96%, and Persimmon, off 4.98%, as well as building supplies seller Travis Perkins, down 4.22%. If demand for plumbing and heating is down, you’d expect house building to be off too.
Volkswagen shares continued to fall in Frankfurt, down 2.85%.
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