Tuesday, 26 Nov, 2024

Business

Share prices across Europe continue to slide

Business Desk |
Update: 2014-10-16 07:14:00
Share prices across Europe continue to slide Photo Courtesy: businessinsider.com

DHAKA: Share prices across Europe tumbled on Thursday amid fears of a global economic slowdown and the impact of the Ebola crisis.

The main stock markets in the UK, Germany and France fell more than 2%, tracking a sell-off in Asia and on Wall Street.

On Wednesday, London’s FTSE 100 saw its heaviest one-day fall in 16 months.

Borrowing costs for Greece and Italy rose, and investors looking for a safe haven pushed the gold price higher.

Disappointing economic data recently from China, Germany and the US have heightened worries that global economic recovery could go into reverse.

Concerns about the spread of Ebola and its impact on emerging markets have added to the worries, reports the BBC.

BDST: 1639 HRS, OCT 16, 2014

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.