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'Bad Trump' to blame as global markets tumble

It will be very tempting for many observers to put the FTSE 100's aggressive fall today – the biggest in percentage terms since the day after the vote to leave the EU – down to concerns over how the Brexit vote in the Commons will pan out.
But that would be parochial, myopic and wrong.
The 3.15% fall in the Footsie looks bad but it is more or less in line with the other falls in equity markets elsewhere around Europe: the Cac 40 in France fell by 3.3%, the Dax in Germany by 3.5% and the MIB in Italy by 3.5%.
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