|Published:||May 07, 2010 10:16 AM EDT|
|Updated:||May 07, 2010 10:16 AM EDT|
LONDON (AP) - World markets fell sharply Friday following a huge sell-off on Wall Street and amid fears that Europe's debt crisis could spread and derail the global economic recovery.
In Britain, where investors were grappling with uncertain general election results, the FTSE 100 index was down 52.86 points, or 1 percent, at 5,208.13 following a slide in the pound.
Germany's DAX fell 58.81 points, or 1 percent, at 5,849.45 while the CAC-40 in France was 87.65 points, or 2.5 percent, lower at 3,468.46.
The falls in Europe follow big declines in Asia - Japan's benchmark Nikkei index closed 3.1 percent down at 10,364.59.
- Invasive cockroach found in NYC can take the cold
- Big storm dumps snow on East Coast, travel dicey
- 3 headliners cancel music performances at SeaWorld
- Obama to pay tribute to Mandela in South Africa
- Senate Dems push Obama nominees, GOP bides time
- Study: Erratic TV violence ratings fail parents
- Senators: Put cameras on train tracks, engineers
- Congress ready to extend ban on plastic firearms
- Ex-San Diego mayor to be sentenced for harassment