by Chris Carrington, The Daily Sheeple:
European markets are sharply down this morning due to fears of the Crimea crisis spreading. The FTSE (London), CAC (France), and DAX (Germany) have between them dropped just under 7%. The DOW is currently down 1.24% and the Nasdaq by 1.27%.
The FTSE is looking at its biggest fall in eight months. (source)
The Russian Rouble has also hit an all time low against the dollar with the Euro falling 2.5% and 1.5% respectively. MICEX, the Moscow stock market, has fallen 9% since the start of business today.
Jame Hughes, chief market analyst with Alpari UK said in an interview with the BBC:
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