Equity Alert: Key European mkts extend fall; finance cos worst hit
MUMBAI--2:25PM--Key European markets were down after credit rating
agencies
downgraded American International Group.
Also, investors were cautious ahead of Goldman Sachs results and
the U.S.
Federal Reserve meeting later today.
Finance companies were worst hit on continued worries of financial
turmoil in U.S. UBS tumbled over 9%, while Barclays declined 7%.
Mining and oil exploring companies fell on weak commodity prices.
Rio
Tinto was down 4% and BG Group shed 5%.
.
Index Last level Change in %
FTSE 100 Index 5106.10 (-)1.9
DAXX Index 5962.36 (-)1.7
CAC 40 Index 4110.75 (-)1.4.
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