World stocks hit lowest in almost 2 years

Tue Aug 26, 2008 11:59am BST
 
Email | Print | | Single Page
[-] Text [+]

LONDON (Reuters) - World stocks fell to their lowest in almost two years on Tuesday as fresh concerns about the financial sector and growth outlook prompted investors to dump risky assets.

By 8:45 a.m. British time, the MSCI world equity index fell as low as 330.12, hitting its lowest since September 2006 and bringing losses this year to more than 18 percent.

(Reporting by Natsuko Waki)

 
A share trader is pictured behind a mock one dollar bill and a mock 500 Euro note symbolizing a consumer credit note, at the German stock exchange in Frankfurt, December 18, 2008. REUTERS/Kai Pfaffenbach
Credit headwind

News headlines speak of recovery, but financing is still a big problem in Germany. The dearth of credit to tide firms over is frustrating policymakers, who are blaming reluctant banks and there is little agreement on how best to increase lending flows.  Full Article 

Photo

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives
Currency
US $ inGBP =0.6166
Euro inGBP =0.8594
¥en inGBP =0.0067

Most Popular on Reuters UK

  • Articles
  • Videos