FTSE down 75 points

Fears over Europe's debt plight resurfaced today as world markets cooled their initial enthusiasm over China's decision to let its currency rise.

Tue, 22 Jun, 2010 - 13:18

Fears over Europe's debt plight resurfaced today as world markets cooled their initial enthusiasm over China's decision to let its currency rise.

Miners gave up their gains seen yesterday, while banks were lower after a ratings downgrade on BNP Paribas revived worries that Europe's sovereign debt mountain will slow growth and undermine the financial system.

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