Thursday, May 23, 2013

Global Markets Down After Bernanke QE Talk

The FTSE lost close to 2% in early trading on the back of signs the US may wind down quantitative easing measures and weak Chinese data.

The losses were reflected across European bourses, spooked by a seven per cent plunge on Japan's Nikkei index.

London's benchmark FTSE 100 index retreated 1.74%, Frankfurt's DAX 30 slumped 2.33% and in Paris the CAC 40 shed 2.20%.

The Madrid market gave up 2.11%, Milan slid 2.65% and Stockholm 2.33%.

Tokyo's main index closed down more than 7%.