US100 leads equity indices sharply lower

Monday is the fourth day of steep declines on equity indices and on many markets the sell-off is the strongest in weeks. US100 is the biggest loser among major indices, down 2.7%, US500 and US30 lose 2% each and most of the European indices are down around 2% as well. The chief reason behind this sell-off is a surge in trade tensions between US and China coupled with a streak of weak macroeconomic data – the US ISM non-manufacturing index has just plunged to the lowest in 3 years.