Markets calmer after ‘Black Monday’ rout

Stock markets were calmer on Tuesday following one of the biggest routs since the financial crisis and lows not seen on the London Stock Exchange since the immediate aftermath of the Brexit referendum. The FTSE 100 was up by around 2% in early trading, as Asian markets were buoyed by calls from Japan’s prime minister Shinzo Abe for its central bank to act on the recent falls. Coronavirus and the escalation of an oil trade...