European and US shares have fallen sharply as concerns grow about eurozone debt levels and the general health of the global economy.
The main share index in Frankfurt was down 3.5%, on the other side indexes in London and Paris reduced by about 2.5%.
In New York, stocks drop 1.2% after the release of disappointing US service sector data.
Meanwhile, the price of gold, it is safe investment in times of economic uncertainty, hit a new record high in history.
The precious metal touched $1,669 an ounce in early trading.
The Swiss National Bank also lowered its target for inter-bank lending in an attempt to lower demand for the Swiss franc, which is safe investment and has risen sharply in recent weeks.
No comments:
Post a Comment