Friday, October 10, 2008
The Dow Jones Index opened over 7% down amid a dismal day on the world markets.
The fall follows London's FTSE, which has suffered one of its worst weeks in history. It is now trading at around 9% down. France CAC 40 and Germany's DAX have also plunged today, both down over 9%. This morning the Asian markets closed, with the Japanese Nikkei down 9.62% - its biggest one-day drop since Black Monday. World makers have been in turmoil since the Dow reached a five year low in trading yesterday, dipping below 9,000 points for the first time in five years. President Bush is set to address the American public in response to the financial crisis, as fears that the global economy is in recession grow.