Credit crunch in America leans heavily on FTSE

Renewed fears regarding the US housing market and the global credit crunch saw the London market grounded in negative territory today.

Credit crunch in America leans heavily on FTSE
Mon, 22 Oct, 2007 - 12:22

Renewed fears regarding the US housing market and the global credit crunch saw the London market grounded in negative territory today.

The FTSE 100 Index dropped 81.7 points to 6446.2 by mid-morning, tracking losses on Wall Street on Friday and across Asia overnight.

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