China data and oil price reversal hits shares

London Stock ExchangeA fall in exports from China and a reversal in oil prices saw a sell off across world equity markets.

Oil fell about 3%, ending six days of gains for benchmark Brent crude. It settled  at $39.65 a barrel on Tuesday after hitting a 2016 high of $41.48 earlier in the session.

It was down slipped 0.3% to $39.52 earlier today, but is still up 45% from a 12-year low of $27.10 struck on 20 January.

Bank of England Governor Mark Carney said rocked markets after say a vote by Britain to leave the European Union could hit the economy and prompt some banks to move away from London.

In his strongest intervention into the debate Britain’s EU referendum, Mr Carney said he was not making any recommendation about how to vote.

The FTSE100 fell 57 points or 1% to 6,125.44.

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