RE: Morning5 May 2022 16:09
Nomlungu City fat fingers caught up
The US bank Citigroup has said that one of its traders made an error when European stock markets suffered a “flash crash” on Monday.
Trading was briefly suspended in several European markets on Monday morning, after leading share indices recorded sudden steep declines. One of the hardest hit was Sweden’s benchmark OMX 30 index, which fell by nearly 8%, but recouped most of the losses and ended the day 1.9% lower.
The Europe Stoxx 600 index of Europe’s leading shares lost as much as 3% before closing down 1.5%. The UK stock market was closed for a bank holiday.