|
|
Article: World stocks slide amid economic gloom
- Article from:
- AP Online
- Article date:
- January 8, 2009
- Author:
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
|
European stock markets fell for the second consecutive day Thursday after earlier big Asian losses amid mounting concerns about the world economy and the financial health of businesses around the globe.
The FTSE 100 index of leading British shares was down 43.99 points, or 1.0 percent, at 4,463.52, despite another interest rate reduction from the Bank of England of half a percentage point.
Meanwhile Germany's DAX fell 54.06 points, or 1.1 percent, to 4,883.41. France's CAC-40 was down 55.62 points, or 1.7 percent, to 3,290.47.
Earlier, every major market in Asia posted a fall, marking an end to a New Year's rally that had been spurred by speculation that massive government ...