Euro markets slide on Portugal fears

clock

Fresh fears of eurozone debt contagion hit global markets today, with the largest European indices suffering large losses.

Resource stocks lead the declines for the FTSE 100, with the index dropping 1.31% to 5.624.35. European markets are also sharply lower, with Paris' CAC 40 down 1.62% and the German DAX down 1.22%. Investor focus has now moved to Portugal, with reports suggesting the European Union is urging the country to seek a bailout. A report in the Financial Times Deutschland quoted a German finance minister as saying a rescue package for Portugal would help prevent the sovereign debt crisis spreading to Spain. Portugal has vehemently denied the report. The anxiety has sent government bond ...

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

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read