19th August 2011
Blogger Julia Kollewe writes that European bourses are also trading at lows. "Things are clearly taking a turn for the worse again. Germany's Dax has hit its lowest level since February 2010, falling 2.2%, while the Cac in Paris is down 2.5%.
The euro has fallen 1% against the Swiss franc to 1.1259 francs.
She notes that the only two risers on the FTSE 100 were – Autonomy and ARM, which makes chips for iPhones. "Shares in Spain, Italy and Portugal are now down between 2.4% and 3%."
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