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Stocks slump amid flight to safety

Published 02/11/2016, 07:01 AM
Updated 02/11/2016, 07:01 AM

Investing.com - Turbulence tore through global markets on Thursday as bets that the Federal Reserve could delay further interest rate hikes spurred a flight to safety.

The dollar hit 15-month lows against the yen and gold reached its highest since May as a wave of risk aversion swept through trading floors.

Britain's FTSE 100 was down 2.1%, Germany's DAX fell 2.25%, France's CAC 40 dropped 3.16% and U.S. futures were pointing to 1% drop for Wall Street later.

Sweden's crown and government bond yields were sent tumbling as its central bank delivered a surprise cut to its already deeply negative interest rates.

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