Asia Misery Extended to European Markets
June 29,2015 (LBO) -The European markets fell sharply on Monday following the dramatic drop in Asia markets in earlier Monday, spooked by a possibility of Greece walking away from the debts.
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In France CAC40 fell by nearly 5%, in Germany DAX by 3% and in Britain FTSE 100 by 2.
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2%.
The Greek debt crisis also hit the Euro hard, which lost 1.
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5%. Crude oil prices too took a hard hit.
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Chinese market has been the worst hit. It lost 7% on Monday bringing the total losses during last two weeks to 25%.
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