Europe is crashing

Stock markets across Europe are crashing this afternoon after weak jobs numbers in the US.

Here’s the FTSE 100 in London — that’s a brutal drop.

Markets across Europe had opened higher this morning but figures from the US showed far fewer jobs had been created in September than economists had expected.

That means an interest rate rise in October now looks less likely. The Federal Reserve will want to make sure the economy is on sure footing before any rise.

Here’s a snapshot of the rest of Europe at 2.55 p.m. BST (9.55 a.m. ET):

German DAX: -0.90%

French CAC 40: -0.58%

Euro Stoxx 50: -0.78%

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