Equity Alert: Finance, metal cos drag key European mkts down
MUMBAI--2:50PM--Key European markets were dragged down by fall in
shares of
finance and metal companies.
Finance companies fell on concerns U.S. government's efforts to
bail out
key players in the financial sector would not prevent a recession in
the
world's largest economy.
Barclays and Societe Generale declined 3% each, while Swiss
Reinsurance
fell 2%.
Metal shares slipped on weak prices on London Metal Exchange.
Vedanta Resources and mining major Rio Tinto shed 4% each.
.
Index Last level Change in %
FTSE-100 Index 5126.48 (-)2.1
CAC 40 Index 4146.25 (-)1.8
DAXX Index 6050.89 (-)0.9
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