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Global stocks battered by renewed credit fears, oil surge ... heavy losses in Tuesday trading.
In Frankfurt, the DAX was down two percent, despite news that the European Central Bank is to pump another 70 billion euros into money markets. Meanwhile the Russian Stock Exchange suspended trading following losses of more than ten percent. In London, the FTSE 100 has dropped below 5,000 points for the first time since 2005.
(Deutsche Welle)
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