Don't miss

Replay


LATEST SHOWS

FRANCE IN FOCUS

France's chronic unemployment problem

Read more

EYE ON AFRICA

Candidates Goodluck Jonathan and Mohamudu Buhari call for calm

Read more

MEDIAWATCH

Anger at mental health stigmatisation after crash allegations

Read more

THE WORLD THIS WEEK

Yemen, the Escalation; France's Three Way Race; Clarkson Shown the Exit (part 2)

Read more

THE WORLD THIS WEEK

Germanwings Crash; Co-pilot 'hid illness' on crash day (part 1)

Read more

#THE 51%

The extraordinary tale of the Egyptian mother who lived as a man

Read more

REPORTERS

Video: San Cristobal, Venezuela's tinderbox

Read more

FOCUS

Portugal: Anger at corruption scandals, one year after bailout

Read more

YOU ARE HERE

Bistronomy: Stylish and simple eating

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)