FTSE ends deep in the red

Global stock markets plunged into the red today after downbeat economic forecasts in the US and UK sent shares reeling.

FTSE ends deep in the red
Wed, 11 Aug, 2010 - 18:11

Global stock markets plunged into the red today after downbeat economic forecasts in the US and UK sent shares reeling.

The FTSE 100 Index closed 131.2 points lower at 5245.2 – a 2.4% fall – as the Dow Jones Industrial Average also tumbled soon after opening.

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