Frantic trading as financial markets rapidly fluctuate

What goes up must come down, and there’s been another tumultuous day on markets around the world, with frantic trading following two days of heavy losses.

On Wall Street, prices briefly rebounded before taking another tumble, while in London the FTSE ended the day almost 200 points lower. It’s all been fuelled by concern over the prospect of higher interest rates and rising inflation. But is all this just a correction or a more serious crash?