Showing posts with the label 25 March 2013

European Markets at Close Report , 25 March 2013 : Europe stocks drop on fears of more ‘bail-ins’; by Sara Sjolin, MarketWatch:

By Sara Sjolin , MarketWatch    LONDON (MarketWatch) — Italian and Spanish banks closed sharply lower on Monday, after a bailout agreement for Cyprus, including a levy on large bank deposits, was said to be the new template for solving future euro-zone banking crises.  The Stoxx Europe 600 index XX:SXXP -0.27%  dropped 0.3% to close at 293.25, reversing after trading as high as 297.03 earlier in the day.  EUrope in CRisis | Topics: Cyprus • U.S. stocks fall on Cyprus 'bail in' fear • Treasurys rise as Cyprus is called a template • Cyprus, lenders agree to aid deal • Live: Streaming coverage of Cyprus   Italy’s FTSE MIB index