Double Worries Cause Stock To Tumble
Source: Agencies |
June 8, 2010, Tuesday
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Print Edition
Print Edition
WORLD stock markets tumbled yesterday and the euro hit a new four-year low in the wake of poor jobs figures in the United States and amid fresh fears that the debt crisis that began in Greece is spreading to Hungary.
The FTSE 100 index of British shares was down 1.2 percent at 5,066.77 while Germany's DAX slipped 0.8 percent to 5,889.71. The CAC-40 fell 1.3 percent to 3,410.93.
"The past week's data have added to concerns that strains in the region's periphery are spreading to broader economic activity," analysts at London-based Capital Economics said in a report.
The FTSE 100 index of British shares was down 1.2 percent at 5,066.77 while Germany's DAX slipped 0.8 percent to 5,889.71. The CAC-40 fell 1.3 percent to 3,410.93.
"The past week's data have added to concerns that strains in the region's periphery are spreading to broader economic activity," analysts at London-based Capital Economics said in a report.
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