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Article: World stocks, oil slide on US consumer worries
- Article from:
- AP Online
- Article date:
- August 17, 2009
- Author:
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World stock markets and oil prices fell sharply Monday as worries about U.S. consumer spending reined in hopes for a quick global economic recovery _ causing investors to look past the news that Japan has climbed out of recession.
In Europe, the FTSE 100 index of leading British shares was down 93.60 points, or 2 percent at 4,620.37 while Germany's DAX fell 118.80 points, or 2.2 percent, to 5,190.31. The CAC-40 in France was 82.36 points, or 2.4 percent, lower at 3,412.91.
Shanghai's market led sharp declines across Asia, plummeting nearly 6 percent, and futures markets pointed to big falls later when Wall Street opens. Dow futures were down 182 points, or 2 percent, at 9,139 ...