Monday, January 21, 2008

European markets down by as much as 6%

Shares tumble as sell-off accelerates

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."

Posted by nstan @ 11:51 AM (798 views)
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4 thoughts on “European markets down by as much as 6%

  • This is the ONLY thing which is going to cause a HPC.

    At 12.35AM down 311 to 5590.5

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  • ..and i read there would be “bargain hunting” in the papers over the weekend . Must be the same bargain hunting as alluded to in the post above.

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  • who stole my pension? says:

    And to think this share price crash was caused by Bush trying to re-assure the markets! Lets hope he hurries up and issues some more words of wisdom on the housing market and then we can at last buy a home!!

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  • it_is_going_with_a_bang says:

    You mean nobody believes in George Bush’s Package???!!

    Well this is what a Pretzel did to him, so I guess it’s a not suprising that nobody really believes in his ‘measures’.

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