FTSE LIVE: Blue chip index slides as trade war fears stoke up again

The FTSE 100 sunk 0.7 per cent to 7626 in early trading as it came back down to earth following last week’s late rally. 

Fears of a trade war between the US and China, which simmered down on Thursday and Friday, have seemingly reemerged.

Meanwhile, the proposed Nielsen-Ebiquity merger has been referred for an in-depth probe and Countrywide’s shares crashed 25 per cent.