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

Posted By admin On July 4, 2013 @ 5:34 am In Money Watch | Comments Disabled

KERRY MCDERMOTT
UK Daily Mail [1]
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.

Full article here [1]


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URLs in this post:

[1] UK Daily Mail: http://www.dailymail.co.uk/news/article-2354604/FTSE-100-plunges-amid-Eurozone-fears-unrest-Egypt-oil-prices-rise-year-long-high.html

[2] ANOTHER Black Monday: FTSE plunges 5% after Asian stocks post record falls: http://www.prisonplanet.com/another-black-monday-ftse-plunges-5-after-asian-stocks-post-record-falls.html

[3] World food prices rise further, raising fears of unrest: http://www.prisonplanet.com/world-food-prices-rise-further-raising-fears-of-unrest.html

[4] FTSE Plunges As Fear Grips Markets: http://www.prisonplanet.com/ftse-plunges-as-fear-grips-markets.html

[5] Gold price plunges amid Dubai debt fears: http://www.prisonplanet.com/gold-price-plunges-amid-dubai-debt-fears.html

[6] Inflation rises to 4.7% and FTSE plunges ANOTHER 90 points as global markets tumble in wake of Meltdown Monday: http://www.prisonplanet.com/inflation-rises-to-47-and-ftse-plunges-another-90-points-as-global-markets-tumble-in-wake-of-meltdown-monday.html

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