London slides as Philly Fed spooks Street

Stocks in London slides after weaker than expected Philly Fed data
Source FT.com on Yahoo! Finance

Stocks Slide After Philly Fed Report

Stocks retreated Thursday after the Philadelphia Federal Reserve surprised Wall Street by announcing that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, renewing investor fears that the economy could be cooling too quickly.
Full article from Forbes