GLOBAL MARKETS TUMBLE ON NEW FEARS OF ECONOMIC SLOWDOWN (STA BREAKING NEWS and ARCHIVES)

by STANews , Wednesday, October 15, 2014, 22:16

Global markets suffered sharp falls again as investor fears of an economic slowdown were reinforced by a poor set of US data.

The Dow Jones Industrial Average has dropped 246 points or 1.5% by the time European markets closed to 16,068, compared to its recent high of 17,265 reached on 18 September - the day before the record breaking Alibaba float.

In the UK the FTSE 100 closed down 181.04 points or 2.83% at 6211.64, knocking some £46bn off the value of Britain’s top companies.

This is its lowest level and biggest one day fall since June last year. It is also close to the 10% decline from its recent peak on 4 September which would mark an official correction.

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http://www.theguardian.com/business/2014/oct/15/global-markets-tumble-on-new-fears-of-economic-slowdown-ftse-dow-jones