FTSE down on back of US news

Further gloomy economic news from the US sent the FTSE 100 Index into negative territory today amid signs the word's biggest economy is far from recovery.

FTSE down on back of US news
Wed, 15 Apr, 2009 - 18:48

Further gloomy economic news from the US sent the FTSE 100 Index into negative territory today amid signs the word's biggest economy is far from recovery.

Figures revealed US consumer inflation dropped into negative territory for the first time for more than 50 years, while industrial production output was shown to have fallen sharply in March to leave output down 12.8% year-on-year.

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CourtsBusinessFTSEPlace: USPlace: Wall StreetPlace: AmericaPlace: UKPerson: Taylor WimpeyOrganisation: FTSEOrganisation: Burger KingOrganisation: UBSOrganisation: Royal Bank of ScotlandOrganisation: Lloyds Banking GroupOrganisation: HSBCOrganisation: BarclaysOrganisation: Goldman Sachs'Organisation: FootsieOrganisation: AvivaOrganisation: Friends ProvidentOrganisation: Vedanta ResourcesOrganisation: BTOrganisation: PersimmonOrganisation: Bovis HomesOrganisation: Carphone WarehouseOrganisation: TiscaliOrganisation: CarphoneOrganisation: TalkTalkOrganisation: MarstonOrganisation: Enterprise InnsOrganisation: Reed ElsevierOrganisation: Reckitt BenckiserOrganisation: CentricaOrganisation: SchrodersOrganisation: Xstrata
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