Global recession fears as stock markets tumble to nine-month low - Telegraph

Global recession fears as stock markets tumble to nine-month low - Telegraph: "The 2.34 per cent drop on the index of Britain’s most valuable firms came as the Dow Jones Industrial Average flirted with its worst losing run since 1978.

The FTSE 100 fell 133.88 points to 5584.51, its biggest drop in a single day since Nov 16, wiping £35 billion off the value of the market.

In four successive days of trading falls, investors have lost £65 billion, with the FTSE 100 at its lowest level since Nov 30 last year and down 7.1 per cent this year. Any investor who had put their full ISA allowance of £10,680 in a FTSE 100 tracker fund at the start of the tax year would be nursing losses of £220."

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