FTSE slides as renminbi weakens

Norway to cut production by 10% as demand shrinks by a third

European markets also close sharply lower

Coronavirus impact to compound dire financial quarter

Renminbi and US Treasury yields slip after US president’s comments

Asian retreat follows a sharp retreat on Wall Street amid rising fears of slowing global growth

China’s central bank blames tariffs for move as Asian currencies and markets weaken

Benchmark S&P index in New York rose on opening on Wednesday before declining by mid-morning and then rising again in the afternoon

Japan’s Nikkei shed over 3% to reach fresh nine-month lows

Investor sentiment shifts thanks to upbeat forecasts

Trump brands Fed ‘crazy’ over raising interest rates

Italy plans to sell €6bn in bonds this morning, providing a timely clue to market sentiment

Investors turn risk-averse as yen rises against the dollar

Volatility rises from US to Japan as Trump vows ‘fire and fury’ response to Pyongyang

FTSE 100 Index jumped the most since April, while impact was muted elsewhere

Rising consumer confidence and gradual US rate increase “can only be positive for Asia”

European stocks gain, US futures point higher and Chinese shares rise in Hong Kong

Gain of 0.4% helped by Wall Street records, weaker yen and talks between Trump and Abe

Dollar is up against euro and sterling while S&P 500 remains shy of setting fresh record

Euro spikes higher as dollar rally continues to fizzle out and oil advances in thin trading