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FTSE 100 Falls Into Bear Market

John Williams - Tuesday 08.07.08, 15:16pm

London’s FTSE 100 index slid into ‘bear market’ territory amid fears that the UK economy could fall into recession.
Speculation that two US mortgage providers might have to raise fresh capital and make further write-downs prompted a ’sell off’ on Wall Street, making things very uncomfortable for a host of financial stocks on the UK market.
Richard Hunter, head [...]

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Tags: City news · FTSE 100

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