European stock markets closed significantly lower Tuesday following mixed eurozone data and contentious Greek bailout talks, while London’s main index failed to gain after an upgrade of British economic growth.
London’s benchmark FTSE 100 tumbled 1.72 percent to end the day at 6,773.04 points.
Frankfurt’s DAX 30 index slumped 0.99 percent to close at 11,966.17 points, while the CAC 40 in Paris lost 0.98 percent to 5,033.64 points.
The euro fell to $1.0740 from $1.0825 late in New York on Monday.
Deflation in the eurozone eased in March, official data showed Tuesday, reducing concerns that the economy faces a dangerous spiral after four straight months of falling consumer prices.
But with a cash-strapped Greece in a bitter row with its European partners and on the cusp of tumbling out of the euro, analysts fear that a new debt crisis in the eurozone could affect the world economy.
Source : AFP