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Europe Roundup: Extended losses
by hlk Tue 12 Jul 2011, 08:07
LONDON: European stock markets slid yesterday, hit by the eurozone debt crisis and a weak US jobs market, and shares in BSkyB slumped more than 7 per cent on turmoil over the firm's future.
London's FTSE 100 index dropped 1.40 per cent to 5,968.20 points at about mid-day, Frankfurt's DAX 30 shed 1.13 per cent to 7,320.87 points and in Paris the CAC 40 index lost 1.50 per cent to 3,855.15.
The Stoxx 50 index of leading eurozone companies slumped 1.60 per cent to 2,745.69 points.
At 1158 GMT, the FTSEurofirst 300 of leading European shares was down 1 per cent at 1,103.71 points.
"Equities have extended their losses from Friday as eurozone sovereign debt concerns and a weak job market in the US continue to weigh on the market," said ETX Capital trader Manoj Ladwa. - Agencies
London's FTSE 100 index dropped 1.40 per cent to 5,968.20 points at about mid-day, Frankfurt's DAX 30 shed 1.13 per cent to 7,320.87 points and in Paris the CAC 40 index lost 1.50 per cent to 3,855.15.
The Stoxx 50 index of leading eurozone companies slumped 1.60 per cent to 2,745.69 points.
At 1158 GMT, the FTSEurofirst 300 of leading European shares was down 1 per cent at 1,103.71 points.
"Equities have extended their losses from Friday as eurozone sovereign debt concerns and a weak job market in the US continue to weigh on the market," said ETX Capital trader Manoj Ladwa. - Agencies
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