Markets tumble on World Bank's global economy fears
Global stock markets tumbled yesterday on renewed concerns about the health of the world economy.
Global stock markets tumbled on Monday on renewed concerns about the health of the world economy.
The FTSE 100 index lost 111 points, or 2.6pc, to 4,234 – its lowest level since April.
Only four companies in the blue-chip index managed to end the day in positive territory as a drop in commodity prices knocked mining and oil companies.
The oil price fell $1.92 to $67.27 a barrel, and the price of copper fell more than 5pc to a three-week low on the London Metal Exchange.
In America the Dow Jones was down 2pc to 8,370 in mid afternoon trading.
Investors were shaken by a report from the World Bank which warned that the global economy would fall 2.9pc this year before rebounding in 2010.
The contents of this blog are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. The Wise Money Blog cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.
Global stock markets tumbled on Monday on renewed concerns about the health of the world economy.
The FTSE 100 index lost 111 points, or 2.6pc, to 4,234 – its lowest level since April.
Only four companies in the blue-chip index managed to end the day in positive territory as a drop in commodity prices knocked mining and oil companies.
The oil price fell $1.92 to $67.27 a barrel, and the price of copper fell more than 5pc to a three-week low on the London Metal Exchange.
In America the Dow Jones was down 2pc to 8,370 in mid afternoon trading.
Investors were shaken by a report from the World Bank which warned that the global economy would fall 2.9pc this year before rebounding in 2010.
The contents of this blog are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. The Wise Money Blog cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.
Labels: credit crunch, global recession, stock market falls, wise money
posted by Dr Search- Principal Consultant at the Search Clinic @ 11:53 AM
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