Market sell off continues
The FTSE 100 closed down almost 4.5% yesterday on continued fears of a faltering global recovery. The Dow Jones Industrial Average didn’t fare any better, closing down more than 400 points
FTSE 100 down more than 2%
Midday saw the FTSE 100 down more than 2% as investors prepared for the release of key
US data and fears of global debt grew
Venezuela to nationalise its gold industry
President Hugo Chávez has announced that in a bid to eradicate illegal mining and boost international reserves, Venezuela will nationalise its gold industry.
Unemployment in the UK reaches almost 2.5 million
Unemployment in the UK increased by 38,000 since first quarter 2011 and now stands at 2.49 million people. Jobseeker allowance claimants also increased by 37,100 between June and July raising the number of people claiming to 1.56 million.
Gold holding close to all-time highs
Although trading slightly lower in Asia, concerns over the Eurozone are helping gold prices maintain near all-time highs.
