WORLD markets suffered another hammering today as fresh Eurozone and US debt fears wiped another £46billion from the value of London's FTSE 100 index.
The index plunged three per cent to its lowest point for nearly a year as investors panicked that America could slide back into recession and Italy and Spain may need bailouts.
More than £75billion has now been wiped off London's top flight index in the past two days as confidence in the global recovery collapses.
There has been a similar bloodbath on markets across the globe as the Dow Jones Industrial Average in the US, the CAC 40 in France and the DAX in Germany all plunged more than two per cent.
The index plunged three per cent to its lowest point for nearly a year as investors panicked that America could slide back into recession and Italy and Spain may need bailouts.
More than £75billion has now been wiped off London's top flight index in the past two days as confidence in the global recovery collapses.
There has been a similar bloodbath on markets across the globe as the Dow Jones Industrial Average in the US, the CAC 40 in France and the DAX in Germany all plunged more than two per cent.
Devorah!!! the market crashes over 500! and obama celebrates his 50th bday all during the 9 days. these stories are made for your blog!!! what are you doing!!?!?!?
ReplyDeleteIt's the Elenin Effect :)
ReplyDeleteOr the Mincha Gedola Effect
ReplyDeleteHey Andrew....Nice to get it right sometimes isn't it ...
ReplyDeleteToo soon to be certain
ReplyDeleteyeah, the even wackier thing is that the US news is reporting this a.m. an increase in jobs for the past two months to 117, 000. Yeah, right. In what? GOVERNMENT positions!!!! The media hear is very left controlled.(that's what it has been in the recent past). The true unemplyment #'s are around 17%....
ReplyDelete