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FTSE 100 plunges amid Eurozone fears and unrest in Egypt as oil prices rise to year-long high

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KERRY MCDERMOTT
UK Daily Mail
July 4, 2013

Fresh eurozone worries and turmoil in Egypt caused an end to the recent recovery in the FTSE 100 Index today as oil prices rose to a year-long high.

As well as political uncertainty in Egypt, stock market investors were spooked by disappointing data from the Chinese non-manufacturing sector and growing concerns over the future of Portugal’s coalition government as it attempts to pursue the austerity measures demanded by creditors.

The FTSE 100 Index shed 1.2 per cent, closing down 74.1 points to 6229.9, amid growing concerns over the future of Portugal’s coalition government as it attempts to pursue the austerity measures demanded by creditors.

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This article was posted: Thursday, July 4, 2013 at 5:34 am





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