Eurozone debt leads to global stock market tumble
The Global stock market on Tuesday witnessed a considerable fall with the eurozone debt fears becoming stronger. The Nasdaq and Dow Jones in the United States of America was down by 2.74% and 2.24%, respectively.
The FTSE dropped to 4,939.6 points and the Asian markets have fallen sharply.
The comments of the IMF, on Monday on Spanish economy have raised concerns over eurozone debt issues. Japanese Finance minister said, “euro problems are deep-rooted as eurozone members share a common currency but fiscal policies are left to each country”.
The investors eluding euro, in the face of the debt situation and military tensions in Korea has brought down euro against dollar.
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Posted by PatrickFerrel on May 25 2010 Filed under Economy, Finance. You can follow any responses to this entry through the . You can leave a response or trackback to this entry
