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Eurozone Stocks: FTSE, DAX, CAC Open Sharply Lower

Eurozone Stocks: FTSE, DAX, CAC Open Sharply Lower

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European stocks were expected to open up reduce on Tuesday right after falling to their lowest close in a week on Monday with banking shares amongst the greatest losers adhering to an admission by Greece that it will pass up its deficit targets for the year.

In Asia, shares saw further losses on Tuesday as investors fled riskier property amid renewed fears over a Greek default and the probability of a second planned EU/IMF bailout. South Korea's KOSPI [ .KS11 Loading...    () ] was the hardest strike, plummeting 5 % at the open up prompting a suspension of program product sales on the index by operator the Korea Trade. 

The yen reached a 10-year peak versus the euro in Asian buying and selling right away, with the widespread forex falling under $1.


Sources and more information:

Euro zone woes revive French-British feud

Dip in euro makes travel cheaper... or not "In terms of the economic situation, one prefers to be French rather than British at the moment," said French Finance Minister Fran ois Baroin today on Europe 1 radio . Just the day before, the head of France's central bank, Christian Noyer, said Britain's credit rating ought to be downgraded because its...


( via cnbc.com )


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