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World markets engulfed by US mortgage crisis

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133724 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:39 PM
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World markets engulfed by US mortgage crisis
The world's markets suffered another day of turbulence and heavy losses yesterday as analysts and investors fretted that the crisis engulfing US "sub-prime" mortgages could finally tip the world's largest economy into recession.

The FTSE 100 lost 2.6%, or 160.5 points, to close at 6000.7. Other European exchanges had similar falls with the French CAC 40 and German Dax 30 off about 2.5%. During the day the Dow Jones industrial average fell below 12000 for the first time since November - following Tuesday's 240-point loss.

http://business.guardian.co.uk/story/0,,2034158,00.html?gusrc=rss&feed=1
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Klukie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 09:55 PM
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1. kick
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Redstone Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-14-07 10:05 PM
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2. It's hardly a CRISIS.
Redstone
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