Wipeout

StockMarketWire reports:

The FTSE 100 is expected to open around 250 points lower, according to financial spread betting firms, after the Dow registered the largest one day fall in over six years.

The Dow fell 1,175 points, or 4.6%, to end the session at 24,345.75 as inflation concerns continued to impact sentiment.

The S&P 500 fell 113.19 points, or 4.1%, to close at 2,684.94 and NASDAQ finished the day 273.42 points weaker at 6,967.53.

The global sell-off continued into Asia this morning, with the Nikkei 225 shedding 1,124.99 points, or 4.96%, at 21,557.09 heading into the close.

The Hang Seng was down 1,298.1 points at 30,947.12 and the Shanghai Composite by 95.83 points at 3,391.67.

 If you can keep your head when all about you are losing theirs, then chances are that they know something you don't.