European stocks drop on debt concerns

Posted by Support @ Whaddya.com On Monday, September 05, 2011
While we are enjoying our weekend, and Monday Labor holiday. The European stocks tumbled, and tomorrow will create a domino effect in the US stocks.

"European stocks tumbled Monday, with the Stoxx Europe 600 Index posting its biggest two-day drop since March 2009 on investor speculation that support for bailing out Europe’s indebted nations may fade.

The Stoxx Europe 600 Index lost 4 percent to 223.86 at the 4:30 p.m. close in London, following Friday's 2.4 percent plunge off of a worse-than-forecast U.S. jobs report. The U.K.’s FTSE 100 Index dropped 3.6 percent and France’s CAC 40 Index lost 4.7 percent." (2011, WashingtonPost.com)

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