Global Markets Fall
The BBC is reporting some serious drops in foreign markets -- the biggest drops since stock markets plummeted after 9/11. The FTSE 100 was off 5.5%. Paris and Frankfurt are down 7%.Global stock indexes, including the UK FTSE 100, have fallen their most since the terrorist attacks of September 11 2001 amid fears of a recession.The FTSE 100 index tumbled 5.5% to 5,578.2, wiping ?84bn $163bn off the value of its listed shares.Indexes in Paris and Frankfurt slumped by about 7%, while markets in Asia, India and South America also dropped.Investors questioned whether a recent plan to boost the US economy would be enough to avert a full-blown recession.The U.S. markets are closed today to celebrate Martin Luther King Jr.s birthday. Marketwatch reports that stock future indicate the DOW will open 500 points down on Tuesday morning.Permalink | Recent Headlines | WWFeeds.com
