Markets & Finance

Europe Markets Drop at Close


European stock markets sold off Monday, on worries of global terrorist threats, and a lower U.S. open. London's Financial Times-Stock Exchange 100 index had lost 58.10 points, or 1.32%, to 4,338.90. U.K. business leaders have urged the Bank of England not cut interest rates again too soon, because that might abort the economic recovery, reports S&P's MarketScope.

In Paris, the CAC 40 has shed 89.30 points, or 2.59%, to 3,359.30. Germany's DAX index has slipped 122.86 points, or 3.24%, to 3,674.50.

Asian stock markets finished sharply lower Monday amid terrorism threats in Japan from Al Qaeda. Japan's Nikkei 225 index shed 380.23 points, or 3.74%, to finish below the 10,000-mark at 9,786.83. Market participants are disappointed in the lack of rebound, reports MMS, adding that "the Japanese stock market was reportedly dragged down by Al Qaeda's threat to attack Tokyo if Japan dispatches its troops to Iraq."

In Hong Kong, the Hang Seng index lost 206.51 points, or 1.69%, to finish at 11,997.02.

Canada's benchmark S&P/TSX rose 13.66 points, or 0.18%, to 7,766.05.


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