FTSE slumps 7% amid recession fears

The FTSE 100 Index’s two-day revival came to a shuddering halt today as recession fears wiped £75bn from blue-chip stocks.

FTSE slumps 7% amid recession fears
Wed, 15 Oct, 2008 - 18:42

The FTSE 100 Index’s two-day revival came to a shuddering halt today as recession fears wiped £75bn from blue-chip stocks.

The market made strong gains on Monday and Tuesday in the wake of its worst week since the 1987 crash as optimism over global banking rescues spread.

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CourtsBusinessHeathrowPlace: USPlace: UKPlace: New YorkPlace: LondonPerson: Tim HughesOrganisation: FTSEOrganisation: FootsieOrganisation: Wall StreetOrganisation: JP MorganOrganisation: IG IndexOrganisation: Eurasian Natural ResourcesOrganisation: BPOrganisation: Royal Dutch ShellOrganisation: TreasuryOrganisation: HBOSOrganisation: Royal Bank of ScotlandOrganisation: Lloyds TSB
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