Monday, January 21, 2008
European markets down by as much as 6%
At one point on my screens at work this morning the FTSE 300 Ex-UK was showing down 6.2% - in one morning! Here comes the recession...... "The FTSE 100 slumped more than 300 points on Monday morning amid heightened gloom about the prospects for the global economy. Sentiment was undermined by some sharp falls on Asian markets overnight as investors were left underwhelmed by President Bush’s package of measures aimed at stimulating the US economy. Hong Kong’s Hang Seng index slumped 5.5 per cent and the Nikkei 225 in Japan closed down 3.9 per cent."