Wall Street must brace itself for more shocks

The Chancellor has kicked off her investment tour under rather difficult circumstances. While Rachel Reeves spends the next three days in the United States and Canada trying to drum up investment for Britain, the world of finance remains with eyes glued to the turbulence of the stock market, having to admit to itself that it’s not sure what comes next.

After experiencing its worst crash yesterday since Black Monday in 1987, Japan’s stock market has all but recovered, rising by 10 per cent today – its biggest single-day gains in history. Nearly all markets in Asia are on the up. But while the FTSE 100 looked set for a rebound, stocks continue to slump today as worries about the US economy are intensifying. 

Overall it’s been a miserable couple of days for investors. Now all eyes are on Wall Street’s opening this morning, with particular attention paid to the tech-heavy stocks that have taken a major hit, including Apple.