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European stock markets tumble on Covid support concerns
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% downat 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.
Read the original article at The Guardian