BERLIN: Stocks slumped worldwide after terrorists set off four explosions that rocked London's subway and bus system and killed at least 33 people. The British pound hit a fresh 19-month low.
Markets rebounded from their lows later in the day as European Central Bank president Jean-Claude Trichet said policy makers did not see any immediate need to act and firms such as Aviva Plc, the UK's largest insurer, said the bombings would have little effect on their business.
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