Fears grow over Dubai debt crisis

Last Updated on Friday, 27 November 2009 12:10 Written by Keymark Services Admin Thursday, 26 November 2009 10:59

Fears stalk global markets on Dubai debt crisis

Shares in London tumbled as the market opened this morning, following steep losses in Asia, as investor panic over banks’ exposure to Dubai’s growing financial problems gathered pace.

The FTSE 100 index of leading UK shares fell by 83.46 points to 5,110.67 in early trading, adding to yesterday’s loss of 170.68 points. The FTSE bounced back, to fall by 12 points to 5,182.13 after more than an hour of trading but all eyes will be on American shares when Wall Street opens later today after being shut for Thanksgiving yesterday.