Modest recovery for world markets

The turmoil battering world markets showed signs of easing today amid hopes of a fresh round of stimulus measures to boost the flagging US economy.

Modest recovery for world markets
Tue, 09 Aug, 2011 - 16:43

The turmoil battering world markets showed signs of easing today amid hopes of a fresh round of stimulus measures to boost the flagging US economy.

London’s beleaguered blue chip share index staged a modest fightback as it clawed back the 5% losses it suffered in the morning, before swinging between positive and negative territory in a volatile day of trading.

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