Fear continues to drive down world markets

Stock markets slumped today after more grim economic news from the US stoked fears that the world’s largest economy is plunging into a deep and protracted recession.

Fear continues to drive down world markets
Thu, 16 Oct, 2008 - 18:37

Stock markets slumped today after more grim economic news from the US stoked fears that the world’s largest economy is plunging into a deep and protracted recession.

The FTSE 100 index closed down 5.4%, Germany’s DAX was 4.9%, lower and the CAC-40 in France was down 5.9%.

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