World markets tumble on recovery fears

Full Story at msnbc.com

LONDON – World stock markets tumbled Monday, dragged down by weak U.S. employment figures and fresh fears that Europe’s debt crisis is spreading.

The euro, which has turned into the barometer for investor risk appetite in recent weeks after Greece’s debt crisis, fell below $1.1900 to its lowest in more than four years. Commodities also fell after the disappointing U.S. data and amid angst about euro zone debt problems fed fears the world economy may falter in its recovery.

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