UK stocks slide on Eurozone's woes

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Source: Dukascopy Bank SA
FTSE 100 Index moved down on Tuesday amid escalating concerns over the health of the Eurozone's economy. The UK stock index edged down 0.08% to trade at 5,522.85 at the time of writing. Telecommunications and financials were sharply lower, tumbling by 1.18% and 0.20%. Vodafone Group and ITV dropped 1.09% and 0.63%. Meanwhile, shares of the largest banks followed their overseas counterparts. Barclays, Lloyds Banking Group and Royal Bank of Scotland fell 0.69%, 1.30% and 0.71%, respectively.

 

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Tue, 24 Jul 2012 16:03:32 GMT

DAX Index drops after Moody's lowered German credit outlook

German stocks were mostly lower after Moody's lowered the credit outlook for the country. Larger than expected contraction of German PMI in June also added pressure on the country's stocks.  German DAX 30 Index eased down 0.04% to trade at 6,411.06 at the time of writing. SAP led the technology industry higher after reporting a 12% surge in earnings in

Tue, 24 Jul 2012 14:57:32 GMT

Spain's borrowing costs increase

Spain managed to gather all intended amount in the debt on Tuesday, but was forced to pay the second highest yield since the creation of the Euro. Spain's treasury raised EUR 3.4b, but the yield increased by 45 basis points and reached 3.69% on it's 6 month bills. 

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