Investors buy gold and government bonds and sell shares in banks and companies exposed to lower commodity prices Panicked investors sought refuge in the safe havens of gold and government bonds on Thursday as a fresh spasm of global selling sent share prices crashing in Asia,Europe and North America.
Banks and companies exposed to lower commodity prices were among the biggest losers in London, where the FTSE 100 Index fell by 135 points, and a drop of more than 2%. An index of Britain’s banks fell to levels not seen since the depths of the post-Lehman Brothers recession in early 2009. Related: Market turmoil: Wall Street falls; negative rates not off the table says Yellen - live Related: whether there is another economic crash,Europe’s far proper is ready for it | Owen Jones Related: The five fears stalking the global banking industry Related: What's holding back the world economy? Continue reading...
Source: theguardian.com