American Housing Woes Drag London Deep Into the Red

The ScotsmanAugust 02, 2007

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Summary


LONDON FTSE 100 CLOSE 6,250.6 -109.5

THE FTSE 100 index regained some of its poise after a 145.2 point slump in the first hour of trading yesterday, but still notched up a decline of 109.5 points at 6,250.6 by the close.

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Extract


American Housing Woes Drag London Deep Into the Red

Persistent credit fears in the US caused the Footsie to plummet, with worse-than-expected US manufacturing data adding to the market's malaise and wiping out nearly all of t...

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