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Europe Roundup: Sharply lower
by hlk Tue 19 Jul 2011, 07:43
LONDON: European shares fell sharply yesterday, and were testing key technical lows, with the financial sector among the biggest fallers as long-awaited bank stress tests result served only to intensify worries about the regional debt crisis.
At 1119 GMT, the FTSEurofirst 300 index of leading shares was down 1.2 per cent at 1,074.28 points.
In late morning deals, London's FTSE 100 index sank 0.94 per cent to 5,788.99 points, Frankfurt's DAX 30 plunged 1.06 per cent to 7,143.26 points and in Paris the CAC 40 dived 1.23 per cent to 3,680.71.
Madrid's stock market slipped 0.28 per cent and Milan lost a hefty 1.61 per cent in value.
"Money continues to move out of equities and into gold as ongoing eurozone debt concerns continue to gather momentum," said ETX Capital trader Manoj Ladwa. - Agencies
At 1119 GMT, the FTSEurofirst 300 index of leading shares was down 1.2 per cent at 1,074.28 points.
In late morning deals, London's FTSE 100 index sank 0.94 per cent to 5,788.99 points, Frankfurt's DAX 30 plunged 1.06 per cent to 7,143.26 points and in Paris the CAC 40 dived 1.23 per cent to 3,680.71.
Madrid's stock market slipped 0.28 per cent and Milan lost a hefty 1.61 per cent in value.
"Money continues to move out of equities and into gold as ongoing eurozone debt concerns continue to gather momentum," said ETX Capital trader Manoj Ladwa. - Agencies
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