U.K. equities down on concerns about European economic outlook

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Source: Dukascopy Bank SA
U.K. shares decreased on fears that Cyprus financial problems can reignite the Eurozone's debt crisis. The FTSE 100 lost 0.46%, or 33.51 points, to 6,459.67. Seven out of ten sectors included in the index posted losses. Meanwhile, telecommunications sector gained 0.98%, while consumer services group was 0.1% up. Marks & Spencer Group Plc surged 7.4% to 400 pence, as Qatar Investment Authority plans to make a £8bn takeover bid for the retailer company. Tate & Lyle Plc., a British-based multinational agribusiness, followed with a 2.3% surge to trade at 836 pence. Furthermore, Croda International Plc gained 1.44% to 2,672 pence. Meanwhile, Eurasian Natural Resources Corp Plc plunged 7.7% on concerns that the company may write down $1bn this week. Financial sector declined as European banking system is under pressure on vague prospects for Cyprus economy. The Royal Bank of Scotland Group Plc lost 4% to 296 pence. The company's stock has been decreasing since February 27.

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Tue, 19 Mar 2013 07:27:13 GMT

U.S. shares down on Monday amid tax levy for Cyprus

U.S. equities declined on Monday on a tax levy imposed by the Eurozone's policy makers on customer deposits held in Cypriot banks. The decision raised concerns over the area's debt crisis sharpening once again. The S&P 500 retreated 0.6% to 1,552.10. All but one sectors in the index inched lower. Helmerich & Payne Inc. posted biggest decrease in the gauge,

Mon, 18 Mar 2013 16:35:10 GMT

German shares decline as European banks slump

European equities slumped on Monday amid decision made by European policy makers on the bailout plan for Cyprus. Investors raised concerns over the Eurozone's economy after announcement on the tax levy for bank customers in return for a EUR10 billion bailout. The DAX Index declined 0.7% to 7,984.53 at 5:09 p.m. in Frankfurt. All but two groups inched lower. Consumer

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