And the sell off continues. FTSE100 drops below 5000

The global financial markets summer sale continues this morning as the FTSE100 drops below the 5000 barrier.
The Dax is currently down over 3.5% and the Cac 40 is down nearly 3%.

Asian stocks fell overnight on continuing fears about a global economic slowdown. On Thursday, Morgan Stanley said that the US and Europe were “dangerously close to recession”.

I’m off to digest the business pages of the morning papers and today’s edition of Investors Chronicle now, over a cup (or five) of coffee.

Share tips from today’s Investors Chronicle magazine can be found on ShareTips365
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