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European markets open... and it's not good news

The major European stocks have fallen in early trading this morning.

And the US markets haven't even opened yet.
And the US markets haven't even opened yet.
Image: Associated Press Photo

ALL OF THE major European stock markets have opened 2 per cent or more down in early trading as fears grow over the stability of some Eurozone countries.

Following on from heavy losses on Wall Street yesterday and more turmoil in the Asian markets over night, the global equity sell-off has continued this morning.

In London the FTSE is down 2.9 per cent and in Frankfurt, the Dax is down 3.95 per cent.

In Milan the main index is down 3.5 per cent, in Paris it is 3.07 per cent, and finally in Madrid, it’s not much better where the main index is down 2.4 per cent.

You can follow the latest rises and, most probably, dips in the markets throughout the day over on Bloomberg with trading to open in the US later today.

Read more: Asian markets hit six-month low amid fears of double-dip recession >

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About the author:

Hugh O'Connell

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