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London's FTSE 100 lost 7.7%, suffering its worst drop since the financial crisis of 2007–2008. [ 181 ] [ 182 ] BP and Shell Oil experienced intraday price drops of nearly 20% [ 183 ] The FTSE MIB , CAC 40 , and DAX tanked as well, with Italy affected the most as the COVID-19 pandemic in the country continues.
After they re-opened, the speed of the crash accelerated. By midday, the Financial Times Stock Exchange 100 Index (FTSE 100) had fallen 296 points, a 14 percent drop. [52] It was down 23 percent in two days, roughly the same percentage that the NYSE dropped on the day of the crash. Stocks then continued to fall, albeit at a less precipitous ...
The FTSE 100 dropped 13%, while the DJIA and S&P 500 Index dropped 11–12% in the biggest downward weekly drop since the 2007–2008 financial crisis. On Monday, March 9, 2020, after the launch of the 2020 Russia–Saudi Arabia oil price war , the FTSE and other major European stock market indices fell by nearly 8%.
The FTSE 100 closed at 6,984.59, a fall of 36 points, and the pound was a little higher than where it started. FTSE closes below 7,000 for first time in six months after late drop Skip to main content
The Federal Reserve cut its benchmark interest rate Wednesday to between 4.25% and 4.5%. The central bank also projected two cuts next year instead of four, sending stocks tumbling. Many analysts ...
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The August 2011 stock markets fall was the sharp drop in stock prices in August 2011 in stock exchanges across the United States, Middle East, Europe and Asia. This was due to fears of contagion of the European sovereign debt crisis to Spain and Italy, as well as concerns over France's current AAA rating, [1] concerns over the slow economic growth of the United States and its credit rating ...
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