The global market turmoil & Clause 49

In the US, the Dow Jones industrial average closed on Friday at 11,444.61 and though it ended in positive territory, it was down 5.7 per cent (698.63 points) for the week, making it the largest point’s decline on the index since the week ending October 10, 2008. European stocks zigzagged down a slippery slope.

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