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| UK Market Update Archive: |
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UK, Europe Indexes Near 20% Loss
Jul 08, 6:57 PM EDT |
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| Stocks in UK and Europe fell as banks fell in the region on the worries that more write downs are likely in the latest earnings results. |
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| UK stocks fell as credit market worries linger. Business survey predict business recession in the near term. The FTSE 100 index is down 20% from its peak in the last one year of trading. The stock of LSE led the decliners in FTSE 100 index after an analyst estimated a revenue decline of 4% ahead of annual meeting tomorrow. Standard Chartered Bank dropped 2.2%, HBOS fell 1.6% and Barclays declined 1%. European markets declined led by a fall in banks across the region. |
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