European stocks dive on political turmoil in Spain, Italy
- Published: 5 Feb 2013 at 00.44
- Online news: World
European stock markets plunged on Monday and the euro dropped against the dollar amid fears of political turmoil in Spain and Italy, with banking shares suffering some of the heaviest losses.
Brokers at work at Frankfurt Stock Exchange. European stock markets plunged and the euro dropped against the dollar amid fears of political turmoil in Spain and Italy, with banking shares suffering some of the heaviest losses.
London's FTSE 100 index of top companies fell by 1.58 percent to close at 6,246.84 points. Frankfurt's DAX slumped 2.49 percent to 7,638.23 points and in Paris the CAC shed 3.01 percent to 3,659.91 points, its sharpest fall since mid 2012.
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