11 August 2010

Shares Fall on Downbeat Outlook

Financial markets around the world tumbled on Wednesday amid a general mood of gloom and nervousness.

After retreats in Asia and the Asia-Pacific region, markets fell in Europe before bringing the mood to Wall Street. All main indices fell sharply while currencies such as the Canadian dollar and the Australian dollar fell too.

Overall there is a very pessimisstic wind among markets, with careful or downbeat warnings from central banks.

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