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Share prices drop on continuing concerns regarding global economic growth and Ebola crisis.

BANKING AND CREDIT NEWS-October 17, 2014-Share prices drop on continuing concerns regarding global economic growth and Ebola crisis

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US shares fell on Thursday, following large losses on both European and Asian stock markets, the BBC reported on Thursday, as the Dow Jones, S&P 500 and Nasdaq indexes declined.

In Europe the FTSE 100 finished down 0.25% and in Paris the Cac 40 closed down 0.54%, while in Frankfurt the Dax index strayed from the trend and rose up 0.13%. According to analysts a number of disappointing economic and corporate news had worried investors and recent poor data from China, Germany and the US have heightened concerns that the global economic recovery could go into reverse.

Head of trading at ETX Capital Markets, Joe Rundle, commented "You have the US Federal Reserve stopping printing money this month, deflation all over the place, oil coming down [which is] causing more deflation. Everyone is panicking to a certain extent and everything is on the downside, there is real momentum here and there's a lot of money changing hands."

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Publication:M2 Banking & Credit News (BCN)
Date:Oct 17, 2014
Words:198
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