European stock markets plummeted further on Tuesday following a sharp rise in Chinese inflation, adding to woes over debt contagion across the eurozone and fears of another US recession. Market volatility reached its peak when Britain’s FTSE 100 index, which
August 9, 2011
China’s PPI increased by 7.5 percent year-on-year while the inflation rate rose 6.5 percent to a 37-month high in July. Inflation was driven by a14.8 percent spike in food costs, the country’s National Bureau of Statistics said on Tuesday. The
