European stock markets tumble on Covid support concerns
by Richard Partington Economics correspondent from on (#5NGW4)
Shares slump amid signs that central banks could start withdrawing pandemic assistance
European financial markets have fallen sharply on fears that central banks will start tapering their emergency Covid-19 support packages, despite slowing growth in the world economy.
In London, the FTSE 100 fell by 2.3% in morning trading on Thursday, before recovering some ground to close 1.5% down at 7,058, as share prices tumbled across the continent after the US Federal Reserve said it could start cutting back support for the world's largest economy this year.
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