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Recession fears hit stock markets

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posted on Jan, 16 2008 @ 04:56 AM
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Recession fears hit stock markets


news.bbc.co.uk

European and Asian shares have fallen on continuing fears of a US recession and slowing corporate profit growth.

The UK's FTSE 100 stock index fell 1.3% to 5946.40, while Germany's Dax and France's Cac fell about 1%.

Earlier, Japan's Nikkei index had fallen to its lowest in more than two years, closing 3.4% lower at 13,504.51.
(visit the link for the full news article)




posted on Jan, 16 2008 @ 04:56 AM
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Yesterday this is what happened,

FTSE closed down 3%

Dow Jones down 2%

Hong Kong was down nearly 6%!!

The sell off has continued in Europe, US futures are looking ugly

news.bbc.co.uk
(visit the link for the full news article)



posted on Jan, 16 2008 @ 04:59 AM
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Tidings are not boding well in London today. Most people are anticipating the FTSE now hovering well below the 6000 mark for quite some time.



posted on Jan, 16 2008 @ 05:01 AM
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Originally posted by benjj
Tidings are not boding well in London today. Most people are anticipating the FTSE now hovering well below the 6000 mark for quite some time.


Yep, we've gone down under the 6,000.

Japan has dropped below 13,000 and the Dow could even drop below 12,000 this week



posted on Jan, 16 2008 @ 05:05 AM
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Something tells me we are going to see record losses during Q1 2008, quite a few people are going to get a financial beasting an no mistake.



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