It was like death by a thousand cuts for dealers as they watched share prices on both sides of the Pond move sharply south yet again amid fears that the global economic slump is deepening. China's near-£300billion economic stimulus package, which had provided some hope on Monday, was forgotten as the fragile Footsie lost 157.23 points, or 3.6 per cent, to 4,246.69, while woeful Wall Street plummeted 291 points in early trading. Over here, it was news that house sales in Britain had reached their lowest level in 30 years and October retail sales showed the worst monthly performance since records began in the mid 1990s, that convinced traders the dreaded recession is knocking on the UK's door. Over there it was a profits warning from industrial conglomerate Tyco International and continuing worries about General Motors' future...
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