European stocks slumped again as speculation heated up that
there will be a military strike on Syria.
The U.S. and its allies are working towards a military strike
against Syria in response to an alleged chemical weapons attack
near Damascus last week. President Barack Obama plans to release an
intelligence assessment this week and U.K. Prime Minister David
Cameron said Britain will put forward a draft resolution at the
United Nations on Wednesday authorizing action to protect
Around the region, GfK's forward-looking consumer sentiment
indicator for Germany declined to 6.9 points in September from 7.0
points in August, falling short of a forecast made by economists of
a slight increase to 7.1 points. It was the first drop in eight
Private deposits from non-banks at Cypriot institutions fell by
just under 1 billion euros ($1.34 billion), or 2.4%, to EUR36.66
billion in July. They have now lost over a quarter of all their
private deposits in the last year, despite the imposition of
capital controls, as part of the bailout deal, to protect their
German leader Angela Merkel has blamed her Social Democrat
predecessor Gerhard Schroeder for letting Greece adopt the euro,
saying the country's entry into the single-currency bloc is at the
root of the euro zone's current problems
In ADR news, Alcatel-Lucent (
) said Jean Raby, a former partner and managing director at Goldman
Sachs' investment bank division, will become chief financial and
legal officer as of September 1, replacing current Chief Financial
Officer Paul Tufano.
The FYSE-100 was last down 0.17% at 6,430.06, the DAX down 1.03%
at 8,157.9 and the CAC-40 down 0.21% at 3,960.46.
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