24 October 2008 11:07 [Source: ICIS news]
LONDON (ICIS news)--European chemicals stocks traded at heavy losses on Friday amid fears of recession, as the ?xml:namespace>
The Dow Jones Eurostoxx chemicals index dropped by 5.8% from Thursday’s close, with chemicals shares losing an average of 32% over the last month.
The latest UK economic statistics confirmed the country is on the brink of recession, with many of Europe’s major economies, including
Economic output in the
($1 = €0.78)
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