Yesterday, the crude oil prices potentially falling further below the $50 a barrel signalled severe and eminent stocks plunges across the board, this is bad news for any economy.
The FTSE 100 Index fell 130.64 points or 2 per cent to 6417.16 in London, as UK blue-chip firms lost £ 33.2 billion, while mega economy China contributing to 30% of global GDP.
Milan’s stock market was down 940 points 4.92 per cent, while Athens fell 5.63 per cent as it send shock waves through Euro markets. Greece is experiencing a deeper recession
. Euro is nine-year low against US Dollar. In Mumbai BSE Index lost 900 points during the day.