Markets across the world were eviscerated as concerns about the financial future of Europe grew. The EU summit may prove to the a battle that will produce further bitterness between the leaders of France and Germany. President Hollande favors eurozone bonds that would rely heavily on Germany’s economy and debt rating. Chancellor Angela Merkel has said the German balance sheet will be used for no such reasons. She also claims that the treaty that formed the alliance prevents such measures.
In Asia, the Nikkei fell 2% to 8,557. The Hang Seng was off 1.2% to 18,818.
Across Europe, markets opened down well over 1%. The FTSE was down just more than 1% to 5,348. The DAX fell 1% to 6,371.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
