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Janet Yellen

World markets shudder as economy jitters take center stage

Global markets shuddered again Thursday with bank stocks in particular getting hammered, oil falling further and investors turning to perceived safe havens like gold.

Concerns are growing that the mounting market turmoil could put a brake on the global economy at a time it is already struggling with a litany of issues — from China's slowdown, low inflation and plunging energy markets.

In Europe, France's CAC 40 slid 4 percent to 3,899.73, dragged down by a 13 percent drop in the shares of bank Societe Generale, which warned about its profits. Germany's DAX dropped 2.9 percent to 8,752.79 and Britain's FTSE 100 shed 2.5 percent to 5,533.55.

Futures augured...