Guardian UK: Stock markets fall again as IMF chief warns of crisis

[marmar]

Fears of a new global recession sent stock markets falling sharply across Europe and Asia on Monday morning, after International Monetary Fund chief Christine Lagarde warned that the world economy is on the brink of a new crisis.

In London, the FTSE 100 fell as low as 5160, a drop of 131 points or nearly 2.5%, after a survey showed the sharpest drop in UK services output in a decade. Banks were the biggest fallers.

Germany's Dax fell 3.8% to its lowest level in 22 months, while France's CAC index dropped 3.8%.

There was also a rush to dump shares in Asia, where Japan's Nikkei closed 1.86% lower at 8,784.46 points and South Korea's Seoul Composite index slid by 4.39%. ..............(more)

The complete piece is at: http://www.guardian.co.uk/business/2011/sep/05/stock-markets-fall-imf-chief-warns-crisis

[DCBob]

1. Well that really helps the situation.

"thanks" for the warning Christine.

[fasttense]

2. Thanks for posting. I always want to hear the truth even when it's bad. n/t

[CanonRay]

3. Sorry, we're full up on crises...

we don't need any more of them.