SCOREBOARD: QE correction

Continued talk of a Fed easing review, coupled with sombre US jobless claims and European data, saw a downturn in global markets.

Global equities pulled back further overnight, and the big hits were in Europe. There was probably a bit of catch-up there from the previous session, but the Dax finished 1.9 per cent lower, the CaC was 2.3 per cent lower, Italian stocks fell 3 per cent, while the FTSE100 fell 1.6 per cent.

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