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Fears grow of repeat of 2008 financial crash as investors run for cover

Discussion in 'Market News' started by Lily, Jan 20, 2016.

  1. Lily

    Lily Forum Member

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    As leaders gathered in Davos, FTSE 100 was gripped by panic selling and entered bear market with Dow Jones also plunging

    Fears that the global economy could be heading for a repeat of the 2008 financial crash have sent shockwaves through financial markets – prompting a rush to safe havens by investors.

    Oil prices fell to a fresh 12-year low on Wednesday and metal prices tumbled in response to warnings that China’s slowdown could derail the global recovery at a time when central banks, which came to the rescue in the credit crunch, have only limited firepower.

    Related: If this market turmoil forces a US rate cut, the outlook will truly be grim

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