Wednesday, 5 May 2010

World markets plunge on euro fears

Fears that the Greek rescue package will not prevent a wider European meltdown and concern that a mining super-tax will puncture the commodity boom saw London shares plunge to a two-month low.

The FTSE 100 index of leading shares dropped 2.56pc to 5,411.11 points, the lowest close since March 1.

The fall was mirrored in bourses across the world, with Wall Street down 225 points, dropping beneath the critical 11,000 point mark following dismal Asian trading. more...


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