Grim news that Japan has slumped back into recession combined with British Prime Minister David Cameron’s warning of fresh global economic turmoil, sent stocks sliding on Monday (17/11/2014).
European markets fell and Tokyo tanked by almost three percent. This was after official data showed Japan’s gross domestic product (GDP) shrank 0.4 percent in the third quarter compared with the second when the economy contracted by 1.9 percent – meeting the technical definition of a recession as two successive quarters of shrinking economic output.
In late Monday morning deals, London’s benchmark FTSE 100 index of leading shares fell 0.29 percent to 6,635.09 points …read more
Source: Herald LIVE
