Eurozone and US woes put stocks under pressure
Stocks were under pressure on both sides of the Atlantic today amid investor caution over the eurozone woes and disappointing data in the US.
The Dow Jones Industrial Average fell into the red, down around 0.3%, after a US consumer confidence report gave its lowest reading since November.
London’s FTSE 100 Index remained in negative territory, down 23.8 points at 5752.8, with investors uncertain over whether the European Central Bank will act swiftly to tackle the eurozone debt crisis.
Fears over Europe were compounded after data also showed Spain’s recession was deeper than originally expected and as the Catalonia region looked set to ask for more bail-out funds.
