Europe Roundup: Markets uneasy
LONDON: Financial markets were rocked yesterday by fears that the United States government was heading for a partial shutdown and due to renewed political instability in Italy.
"If investors had been hoping that common sense would prevail over the weekend then they would have ended up sorely disappointed," said Michael Hewson, a senior analyst at CMC Markets.
In Europe, the FTSE 100 index was down 0.9 per cent at 6,457 while Germany's DAX fell 1.1 per cent at 8,567. The CAC-40 in France was 1.4 per cent lower at 4,129.
Unsurprisingly, Milan was faring worst, trading down 1.9 per cent at 17,310. And in another sign of investor unease, the yield on Italy's benchmark 10-year government bond was up 0.08 percentage points at 4.50 per cent. AP