Global markets are down this morning as investors vent their concern at eurozone leaders' "disappointing" efforts to stop the debt crisis.
French president Nicholas Sarkozy and German chancellor Angela Merkel are calling for a tax on financial transactions to raise more revenues as they respond to the euro debt crisis, but the meeting failed to alleviate investors' concerns. The sentiment hit the markets, with all the major European indices opening lower. The FTSE index of 100 leading shares was down 1.12% to 5,297.52 just before 9am. Financials were among the worst hit, with Standard Life down 3.48% to 205p per share, Barclays fell 3.41% to 175.40p, and Royal Bank of Scotland share fell 3.15% to 24.92p. In the eu...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes