European markets have reacted to the co-ordinated interest rate cuts by recouping some of Wednesday's losses.
In Frankfurt, the DAX, which had been down by around six percent at times is now down by less than two percent. The CAC 40 in Paris is off by around one percent, while London's FTSE 100 is back to just about where it started the session. All eyes will be on Wall St. in New York when it begins trading in a couple of hours time to see how it reacts to the rate cuts. Earlier, Asian stock markets accelerated their downward slide. Japan's Economy worries hit world markets ...
My Games ... Nikkei index lost around nine percent of its value. This was one of the worst single-day losses in the history of Asia's biggest stock market, surpassing even the slump that followed the September 11 attacks in the United States in 2001.
(Deutsche Welle)
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