London, New York, Frankfurt and Paris all experienced declines, with much of the focus on the banking sector
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Dow ends day down 248 points while slumping oil price and gloom at Davos sends FTSE 100 tumbling officially into bear market territory
• Dow suffers steep falls as FTSE 100 enters bear market – live updates
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As leaders gathered in Davos, FTSE 100 was gripped by panic selling and entered bear market with Dow Jones also plunging
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