Red ink swamps European markets

Beijing News.Net
Monday 5th March, 2007

Stocks in Europe fell across the board Tuesday in a dismal start to the week.

Investors were concerned at continuing falls in Asian equity markets, and a rapid rise in the yen which has rattled foreign exchange markets.

At the close of trading London's FTSE 100 was down 57.50 or 0.94% at 6,058.70.

The German DAX at 6,534.57 was off 68.75 or 1.04%, while the Paris-based CAC 40 finished down 39.67 or 0.73%.

The Swiss SMI at 8,676.86 was down or 21.85 -1.38%.

The biggest fall in Europe was in Norway where the OSE All Share dropped 11.955 or 2.40% to 485.461.

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