By Susan Duey
Stock markets moved lower on Friday around the world, as investors are liquidating risky positions, mounting evidence of global recession.
U.S stock indexes fell 4 percent, European stocks fell 6.5 percent and Japan’s Nikkei plunged 9.6 percent.
Oil moved lower as well to $63 per barrel while commodities copper to zinc, sugar and coffee were [...]
Entries Categorized as 'Recession'
300 Points Lost on Wall Street As Investors Fear Recession
October 31, 2008
Global Recession is Near
October 27, 2008
By Susan Duey
A huge selloff on Friday led global markets send indexes to their lowest levels in more than fie years with believe that economy is near recession. Trading was dramatic as Dow Jones industrial fell more 500 point in early trading, before ending the day with 300 point loss.
It is becoming more and more [...]