In London, markets declined drastically over worries that consumer spending may not be picking up in the run up to Christmas, and the FTSE 100 dropped 119.2 points (1.86%) to 6,277.8.
Imperial Tobacco Group saw the biggest gains, up 42 points (1.63%) to £26.19, while BAE Systems shares jumped 7 points (1.54%) to 462p. Rexam saw the biggest losses, down 27 points (6.37%) to 397p, after Citigroup cut its recommendation from buy to hold. Home retail shares also suffered, falling 19 points (5.76%) to 311p due to weakening sales trends. On Wall Street, markets fell as investors continued to worry about a possible recession in 2008 and the Dow Jones dropped 63.4 points (0.48%) to 13,276.45 in early trading. American International Group made the biggest gains, up 0.7 (1...
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