Talk of a New Fed Cut Helps Spook Investors ; Market Round-Up
Evening Standard - London › March 10, 2008
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Summary
MINING stocks led a sell-off in London tonight as investors endured a nervous start to the week amid signs the credit crunch is deepening and the US has plunged into recession.
Blue-chip miners sank around 5% on concern demand for metals will weaken as the global economy slows. BHP Bil-liton was off 80p to 1510p, Vedanta Resources 108p to 2148p, Rio Tinto 265p to 5329p and Kazakhmys 78p to 1585p.See the full content of this document
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Talk of a New Fed Cut Helps Spook Investors ; Market Round-Up
It came during a shaky session for stock markets around the world. Dismal employment data has convinced many on Wall Street and...
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