Germany, firmly opposed to the issue of the euro common bonds, reportedly proposes to hold a EU-leaders' meeting to fix a road map for the 'banking union.'
European stock markets followed the downside of Asian stock markets, with Volkswagen tumbling over 3% on China fragile services data in May, weighing down DAX to intraday low, 5942, last at 5983, down 67 pts, or 1.1%; CAC 40 once tumbled to 2927, last at 2947, down merely 3 pts; the UK stock market is closed for holiday.
Finland, Sweden, Hungary, Luxembourg and Norway successively sank 1%-1.6%; Italy slid 0.2%; Spain stayed steady against the bearish streak; and the Czech Republic also turned steady. (t)
AAStocks Financial News
Fax: 852 2186 8286
Web Site: www.aastocks.com
News Provided by AASTOCKS