Today's Coming Crisis Movie

Wednesday, April 4, 2012

Eurozone fears revive to drag down markets

FTSE 100 took its cue from jittery European bourses and closed 134.57 points lower at 5703.8, a drop of 2.3%

Shares in the City suffered their biggest fall in more than four months today as global financial markets were unnerved by a fresh flare-up in Europe's debt crisis and hints that America's central bank is reluctant to pump more cash into the world's biggest economy.

Ignoring the upbeat UK economic news, London's benchmark FTSE 100 took its cue from jittery European bourses and closed 134.57 points lower at 5703.8, a drop of 2.3%.

Markets had opened lower after the minutes of the Federal Reserve's policy making committee appeared to rule out a third bout of quantitative easing, the programme of bond purchases by the central bank that has twice before boosted the US money supply. Read More