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World markets remain volatile despite Greek vote



Published: Thu, November 8, 2012 @ 12:25 p.m.

LONDON (AP) — Financial markets remained volatile today, a day after concerns over the U.S. fiscal situation combined with renewed worries over the European economy to hammer stocks.

For most of the day, a vote by the Greek Parliament to back another round of austerity measures had helped shore up confidence. As U.S. trading gathered pace, however, the previous day's despondency appeared to settle over markets once again.

"Volatility will likely continue to be the name of the game going forward as markets lurch from one crisis to the next and investors will continue to trade with extreme caution," said Mike McCudden, head of derivatives at Interactive Investor.

In Europe, the FTSE 100 index of leading British shares dropped 0.3 percent to close at 5,776.05 while Germany's DAX fell 0.4 percent to 7,204.96. The CAC-40 in France ended 0.1 percent lower at 3,407.68.

In the U.S., the Dow Jones industrial average was down 0.2 percent at 12,904.74 while the broader S&P 500 index fell 0.3 percent to 1,390.76.


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