European Markets Sharply Lower
By Swing Trader
June 23, 2010 12:47 PM
June 23, 2010 12:47 PM
European markets are now closed. Stock markets across Europe were sharply lower today.
The U.K. FTSE sank 1.3%.
The German DAX fell 1.0%.
The French CAC tumbled 1.7%.
The Spanish IBEX shed 1.3%.
The Portuguese PSI lost 0.9%.
The dollar rose against the euro today after news broke that borrowing by Portuguese banks from the European Central Bank doubled in May to a record $48.03 billion. The euro is currently trading at 1.2222.
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