LONDON: European stock markets and the euro slumped yesterday on heightened fears over a full bailout of debt-plagued Spain, and amid falling confidence in the US Federal Reserve’s latest stimulus plan.
Madrid’s IBEX 35 index tumbled 3.92 percent at close to stand at 7,854.40 points and London’s FTSE 100 index of top companies ended the day down 1.56 percent at 5,768.09 points. In Frankfurt, the DAX 30 lost 2.00 percent to 7,276.51 points, while in Paris the CAC 40 slid 2.82 percent to 3,414.84 points. Milan lost 3.29 percent.
On Wall Street, in midday trade, the Dow Jones Industrial Average was dipped 0.15 percent, the S&P 500 lost 0.55 percent, while the Nasdaq Composite shed 0.84 percent. The European single currency plunged to two-week lows of $1.2854, from $1.2902 on Tuesday.
AFP
