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Recession fears continue to hit shares

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Recession fears continue to hit shares

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Europe’s financial markets experienced a volatile day of trading on Thursday.

Overall shares were down at the end of the session, at their lowest closing level in two weeks, but many of the region’s bourses finished ahead.

However, investors remain concerned about a prolonged global recession. That led them to dump financial stocks particularly.

Barclays and Royal Bank of Scotland dropped six per cent and UBS five percent.

Commodities shares are down, due to weaker metals and crude oil prices.

London – with a high concentration of banks, as well as energy and mining companies – was the worst performing European stock market.