Europe: Equities slide
LONDON: Europe's main stock markets slid on profit-taking and the euro retreated from a two-year high against the dollar yesterday, as traders looked nervously on ECB plans to assess banks.
London's benchmark FTSE 100 index fell 0.30 per cent to 6,675.24 points in afternoon trading.
Frankfurt's DAX 30 dropped 0.19 per cent to 8,930.08 points, coming off a record high the day before, and the CAC 40 in Paris shed 0.74 per cent to 4,263.51.
Plummeting banking shares weighed heavily in Madrid where the IBEX 35 index slumped 1.62 per cent and Milan's MIB retreated 1.45 per cent.
The ECB said it would next month start to "stress-test" and examine the balance sheets of 124 eurozone banks in advance of assuming an unprecedented supervisory role. AFP