Monday, September 26, 2011

FTSE Tumbles Further On Eurozone Crisis - 26th Sept 2011

London's FTSE 100 share index has fallen by 1.7% on opening, as investors' concern grows over the scale of the eurozone debt crisis.

European stock exchanges are expected to have fanother potentially turbulent week as they react to reports of a massive eurozone bailout.

Asian shares sunk ahead of European markets opening amid the three trillion-euro (£2.6 trillion) package.

Japan's Nikkei closed at its lowest level since April 2009.

Thai stocks fell more than 4% to a one-year low as markets opened, led by energy and bank shares, as the spot silver market in Singapore dived to the lowest level since February 8.

Share prices tumbled around the world last week amid mounting frustration at the failure of eurozone countries to act to resolve the Greek debt crisis which is threatening global turmoil. Read More