Tuesday, June 29, 2010

FTSE, DOW, Dax down 3%

Shares slump on European bank fears

Global stock markets have fallen sharply on renewed concerns over the European banking sector. Investors are apprehensive ahead of a deadline this week for banks to repay loans taken out a year ago at low interest rates. As a result, leading European share indexes slumped about 3%, while US stocks fell more than 2% in morning trading.

Posted by exiges @ 08:51 PM (764 views)
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