madrid stock market plunges 30
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Madrid stock market plunges 3.0%

Egypt Today, egypt today

Egypt Today, egypt today Madrid stock market plunges 3.0%

Madrid - Afp
Madrid's stock market plunged 3.0 percent in mid-afternoon trading on Monday amid signs that Europe's debt crisis may be spreading to Italy. The IBEX-35 index of key shares tumbled to 9,640.50 points at 3:46pm (1346 GMT). Worst-hit were banking stocks, with Santander dropping 3.42 percent to 7.30 euros and its main competitor BBVA falling 4.19 percent to 7.20 euros. Eurozone finance ministers were due to meet on Monday to discuss Europe's broadening problems, as Italy faced higher borrowing costs amid concerns that it could face a Greek-style debt crisis.
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