World financial markets have once again fallen prey to terrorism fears after the Madrid atrocities, which analysts warn pose a test of resilience for a post-Iraq war recovery in global share prices. Thursday’s bombings of four commuter trains in the Spanish capital, which killed 198 people and wounded more than 1,400, sent stocks and the dollar sliding as investors fled to bonds and safe-haven currencies such as the Swiss franc. A recent rally on world share markets had already been showing signs of running out of steam before the attacks, amid concern about the pace of a recovery in the US engine of global growth, particularly the sluggish labour market. Now investors are also coming to terms with fears of a resurgence in terrorism, particularly after a claim of responsibility for the Madrid attacks purportedly from the Al-Qaeda network. Full Story
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