Thursday, June 11, 2009

European markets drop affected by swine flu; Euro and Pound try to pick up

European markets drop affected by swine flu; Euro and Pound try to pick upFITITOL-->FXstreet.com (Barcelona) - European markets are feeling the pressure from swine flu and main indexes are going through losses at the opening. Euro and Pound attempt recovery after declines in Asian session.Eurostoxx 50 Index drops 1.71% with German DAX Index 1.57% down, and French CAC 1.62% down and London FTSE Index 1.51% down, short after the opening.Swine flu outbreak seems to be the hot topic on the markets today. In one hand, shares of pharmaceutical firms such as Roche or GlaxoSmithKline are rising, while European trade and leisure companies, especially airlines, are being hit.

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