(Express) Global markets have been plunged into chaos today with stocks plummeting in Europe and Asia following Wall Street’s worst day since February. Shares sank into a sea of red as world markets slumped to their lowest level in eight months, according to data provider MSCI.  Investors have been rattled about rapidly rising interest rates and an expected slowdown in global economic growth. While in Europe, the

market has also felt the ripple effects of the ongoing fallout between Italy and European Union chiefs over Rome’s deficit budget proposal. The FTSE 100 opened down 1.6 percent, while the pan-European Euro Stoxx 600 Index had dropped by 1.2 percent in early deals. As of 12:21pm, the FTSE 100 is trading at 7,030.90, according to Bloomberg. n Italy, the FTSE MIB had tumbled by 1.5 percent this morning, before later clawing back some gains. READ MORE