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 Stock markets tumble over 'economic fears'

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Stock markets tumble over 'economic fears' Vide
PostSubject: Stock markets tumble over 'economic fears'   Stock markets tumble over 'economic fears' Icon_minitimeFri Aug 19, 2011 4:51 am
Stocks in Europe have started the day with more losses, after Asian stocks had fallen overnight on continued fears about a global economic slowdown.

In early trade, London's FTSE 100 was down 3.1%, Germany's Dax down 3.2%, and France's Cac by 1.9%.

Investors are worried global growth is slowing, and that major economies may be heading back into recession.

On Thursday, Morgan Stanley said that the US and Europe were "dangerously close to recession".

The falls follow steep losses in the US and Europe on Thursday, and mark a week of declines in global stock markets.

In early morning trade, the FTSE 100 index was down 153 points, or 3.1%, at 4939.2.

http://www.bbc.co.uk/news/business-14587093
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