European markets down 1%

European markets slid more than 1% today as investors steered clear of riskier assets ahead of a key EU summit this week.

European markets down 1%
Mon, 25 Jun, 2012 - 17:18

European markets slid more than 1% today as investors steered clear of riskier assets ahead of a key EU summit this week.

The FTSE 100 Index was down 53 points at 5460, with miners and banking stocks the biggest fallers amid fears the summit will not deliver a deal that will restore confidence in the future of the 17-country euro currency.

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