You are here: Home - Investing -

Markets slide as eurozone worries weigh on sentiment

Written by:
Markets were trading in the red around midday as eurozone worries continue to weigh on sentiment, and with a dispute in the Far East between Japan and China deteriorating.

Concerns over the European debt crisis are impacting markets once more this week despite action from the European Central Bank (ECB), with fears growing more intervention will be forthcoming if yields on peripheral debt return to danger levels near 7%.

Elsewhere, rising tensions between Japan and China are also impacting investors after Japan bought some islands near Taiwan which China has since claimed sovereignty over.

In response, protests are being held against Japanese businesses, with Nissan temporarily halting production in two factories, and Fast Retailing closing 42 stores on the Chinese mainland.

The dispute, coupled with the eurozone worries, has given investors enough reason to sell, with many also keen to lock-in gains after a strong spell for markets last week.

Following falls in Asia and the US overnight, indices throughout Europe are  lower, with the Euro Stoxx down 1.38% to 2,547 points, and the Italian FTSE MIB and Spanish IBEX 35 both off 2.29% and 1.79% respectively.

The French CAC is also off 1.21% to 3,510, while the German DAX is 1.3% weaker at 7,327. Meanwhile in the UK, the FTSE 100 is not immune, with the blue chip index off 0.81% at 5,845.

Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
FSA is doing a good job (says 7% of public)

Few consumers think the Financial Services Authority (FSA) is doing a good job, research from the Association of British Insurers...