2011年6月12日星期日

After dismal data, FTSE falls of 0.71% (AFP)

London (AFP) - London equities sank Thursday, after losses in Asia and on Wall Street overnight, as concerns grew over the weak global economic data that threw a black cloud over the financial markets.

The FTSE 100 Index dropped by 0.71% to 5,886.65 points in midday trade.

"Concern infiltrates among the ranks of investors as the raft of bells of alarms economic data on the State of the economy sets world ringtone", said analyst Simon Denham propagates Capital.

Merchants of United States was a predatory mode Wednesday then that they Digest miserable data suggesting that the world's largest economy is stalling.

Markets came another blow after the devalued new Moody debt rating agency Greek and gives him a negative perspective, the stakes in the negotiations of the Member nation rescue troubled euro-zone.

"Not only the realization that the world economy begins to slow down has contributed to the bond, as proved by PMI readings that everything came in lower than expected, but a further downgrade to the Greece worsened the situation."

Asian shares fell Thursday following heavy losses on Wall Street as more poor data from the United States struck a sense.

Tokyo's Nikkei collapsed 1.69%, or points of 164.04, 9,555.04 after the Dow suffered its worst performance in several months, diving 2.22%.


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