Breaking News - FT on Line
Risk assets shunned after European elections
The euro and equity markets fell sharply and bond yields in the eurozone’s periphery nations climbed after France elected a new president and support for pro-Europe parties in Greece collapsed.
Europe’s single currency fell below the $1.30 support level – falling more than 1 per cent as low as $1.2964 – after election results in France and Greece raised concerns about failing public support for the eurozone, its costly bailouts and the austerity measures implemented across the currency bloc.
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