Spanish uncertainty puts pressure on London stocks
Fresh uncertainty about the terms of a rescue package for Spain and pessimism over the global recovery put more pressure on London stocks today.
Fresh uncertainty about the terms of a rescue package for Spain and pessimism over the global recovery put more pressure on London stocks today.
The FTSE 100 Index slid 49.7 points to 5810.8, with all but two stocks from the top flight in negative territory.
As well as a sharp rise in borrowing costs in Spain, where police have clashed with protesters demonstrating against austerity cutbacks, investors were spooked by a member of the US Federal Reserve casting doubt on the effectiveness of the central bank's stimulus efforts.
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