FTSE down as investors new governments face debt crisis

UK investors shied away from risk today as the enormity of the task faced by new governments in Italy and Greece sank in.

FTSE down as investors new governments face debt crisis
Mon, 14 Nov, 2011 - 18:30

UK investors shied away from risk today as the enormity of the task faced by new governments in Italy and Greece sank in.

The FTSE 100 Index closed 26.3 points lower at 5511.9 after investors demanded an interest rate of 6.29% at an auction for five-year Italian bonds, the highest level since 1997.

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