Economy
In reply to the discussion: STOCK MARKET WATCH - Thursday, 5 January 2012 [View all]Ghost Dog
(16,881 posts)Last edited Thu Jan 5, 2012, 06:58 AM - Edit history (1)
LONDON, Jan 5 (Reuters) - Britain's top shares fell on Thursday, pressured by financial stocks, as concerns over Europe's debt problems took centre stage ahead of a French debt auction later in the session.
Banks, under the cosh on Wednesday when funding concerns were highlighted by a deeply discounted rights issue from Italy's UniCredit, extended falls, as the spotlight shone firmly on France, especially given concerns about the country's triple-A credit rating.
France plans to raise up to 8 billion euros in long-term debt, following on from Wednesday's 10-year German Bunds auction, which while subdued nevertheless marked a sharp improvement from November...
... The UK benchmark was down 22.05 points, or 0.4 percent, at 5,646.40, by 0934 GMT, having fallen 0.6 percent on Wednesday.
/... http://uk.reuters.com/article/2012/01/05/markets-britain-stocks-idUKL6E8C518020120105
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