Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Competing narratives in Malaysia Airlines disaster coverage

Read more

AFRICA NEWS

Kenya : Police arrest 8 over Mombasa rampage

Read more

FOCUS

Overfishing and the global appetite for bluefin tuna: can Tokyo turn the tide?

Read more

MEDIAWATCH

Too many graphic images from Gaza ?

Read more

FASHION

Who's next in Paris, an event with international ready-to-wear and fashion accessories collections

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

THE OBSERVERS

Muslims and Christians clean up Bangui, and violence spirals out of control in Algeria's Gardaia

Read more

IN THE PAPERS

Is there such thing as 'telegenic' victims of war?

Read more

IN THE PAPERS

2014-07-22 07:21 IN THE FRENCH PRESS

Read more

  • Israel hits targets in Gaza despite diplomatic efforts for ceasefire

    Read more

  • France gives go-ahead to pro-Palestinian Paris rally

    Read more

  • Video: Lebanon fears fallout from regional turmoil

    Read more

  • US, European airlines suspend flights to Tel Aviv over Israel-Gaza conflict

    Read more

  • Australian veteran Rogers claims 16th stage of Tour de France

    Read more

  • French Jews mourn French-Israeli soldier killed in Gaza

    Read more

  • PSG punished by UEFA for abuse of disabled Chelsea fans

    Read more

  • Widodo wins Indonesian presidential election

    Read more

  • Ukraine rebels release bodies, black boxes from flight MH17

    Read more

  • Colombia's Rodriguez signs '€80m' contract with Real Madrid

    Read more

  • Five children among seven killed in minibus crash in eastern France

    Read more

  • Hollande says French warship delivery will ‘depend on Russia’s attitude’

    Read more

  • A call for harmony in riot-hit ‘Little Jerusalem’ Paris suburb

    Read more

  • Notorious ‘VIP’ prison in Paris closed for renovations

    Read more

  • An ‘explosion of violence’: French press reacts to Gaza protests

    Read more

Business

European markets close at two-week low

Text by News Wires

Latest update : 2011-09-05

European shares hit their lowest close in a fortnight Monday with investors continuing to shoulder concerns about the continent's low growth and eurozone debt crisis. Meanwhile, some banks were impacted by a US lawsuit over toxic mortgage debt.

REUTERS - European shares fell to their lowest close in more than two weeks on Monday amid persistent growth and euro zone debt concerns, with some banks also hit by a U.S. lawsuit connected to the packaging of toxic mortgage debt.

The STOXX Europe 600 Banks index fell 5.5 percent and hit a 29-month low. Deutsche Bank fell 8.3 percent, extending a decline from Friday.

“We don’t know what size the claims are - in the absence of certainty, people sell first and ask questions later,” said Ian King, head of international equities at Legal & General, which has $573.2 billion under management.

The FTSEurofirst 300 index of top European shares fell 3.8 percent to end the session unofficially at 912.29 points, the lowest close since Aug. 19.

Although equity valuations looked low, a combination of factors, including the euro zone debt crisis, meant investors were avoiding risk, King said. “People are pricing in the risk of European meltdown, rather than the likely outcome.” ($1 = 0.621 British Pounds)
 

Date created : 2011-09-05

  • UK

    Memoirs of former finance minister Darling cause a stir

    Read more

  • FINANCE

    As double dip looms, market fears turn on feeble banks

    Read more

  • MARKETS

    Germany calls for European ban on short-selling

    Read more

COMMENT(S)