Thursday, September 4, 2008
Dow Jones @ Closing bell down 345 points on the day (a walloping 3%)
European and US shares have fallen sharply on further fears over the state of the US economy and the prospect of slower growth in the Eurozone. London's FTSE 100 index closed 2.5% down while German and French markets each lost about 3% and key US markets were trading 3% lower. The slides came after US data showed sluggish shop sales and mounting unemployment claims. The European Central Bank also cut its 2009 growth forecast from 1.5% to 1.2%.