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World stock markets tumble with US stimulus slowdown

  • In London, shares tumbled over 2% in mid-day trade after US central bank hinted its intention to downsize economic stimulus later this year. 

    US Federal Reserve has been putting fund in the economy by purchasing £85 billion of government bonds a month, but its chairman gave clear signal that this program could start to slow down this year and end by mid-2014.

    Tagged as: World stock markets, Business news, share market in London, London shares