Tuesday, 4 October 2011

Meanwhile shares continue to tumble

Back to economics and with the attention of the press in Manchester for the Tory Party conference it may have escaped our notice that the Stock markets continue to fall.

The FTSE 100 seems little enamored by the goings on having fallen 2.6 per cent to 4944 ,its lowest level since July 2010.

It has recovered slightly since midday when it was over 3 per cent down on worries over European banks and the continuing gloom that overhangs the world economy.

The German and French exchanges have followed suit posting similar falls

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