World markets slide on 'disappointing' eurozone summit

Natalie Kenway
clock

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

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read
Spring Budget 24: Chancellor unveils long-term UK growth plan

Spring Budget 24: Chancellor unveils long-term UK growth plan

Includes British ISA launch and further NI cut

clock 06 March 2024 • 1 min read