Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Jihadists attack U.N. base in Mali

Read more

MEDIAWATCH

Assange #ArbitrarilyDetained

Read more

THE WORLD THIS WEEK

Part 1: Julian Assange, Brexit

Read more

FRANCE IN FOCUS

Migrant crisis: Is Calais the dead end on the migrant trail?

Read more

FOCUS

Transgender children: Embracing the transition process

Read more

ENCORE!

Phil Collins remastered

Read more

PEOPLE & PROFIT

Taking a slice: The challenge of taxing multinationals

Read more

FASHION

Haute couture: Chains and Napoléon’s sisters on the Parisian runway

Read more

#THE 51%

Afghanistan’s first lady

Read more

Business

Spanish stocks plunge 6.64% on eurozone concerns

Text by News Wires

Latest update : 2010-05-14

The Spanish stock market closed down 6.64% Friday on continuing fears over the economic stability of the eurozone. Stock markets worldwide were under pressure Friday, with the European single currency sliding to its lowest point since 2008.

AFP - The Spanish stock market closed down 6.64 percent at 9,341.7 points on Friday on continuing fears over the economic stability of the eurozone.

The benchmark Ibex-35 index of leading Spanish shares began tumbling after New York opened at around 3:30pm (1330 GMT) and the slump had accelerated further by 5:00pm.

Banking stocks were worst affected, with Santander sliding 8.98 percent to 8.32 euros and BBVA dropping 7.58 percent to 8.78 euros.

The euro and stock markets worldwide were under pressure Friday, with the European single currency sliding to the lowest point since late October 2008 amid fresh eurozone crisis concerns.

The Ibex-35 slump followed a record rise of 14.43 percent on Monday on the news of a trillion-dollar rescue deal by the European Union and International Monetary Fund to ease the eurozone debt crisis.
 

Date created : 2010-05-14

COMMENT(S)