Las Vegas Realtor Steve Harless - RE/MAX EXTREME 702.217.1680: US recession fears wipe £77bn from London shares

US recession fears wipe £77bn from London shares

London's FTSE 100 fell to an 18-month low as markets took a dim view of President Bush's plan to fight off a US downturn

 

London's benchmark index of blue chips dived by as much as 324 points, sliding through the 5,600 mark for the first time since June 2006, to plumb 5,578. By late morning it had rallied slightly to 5,596, still down 306 points.

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