Eurozone recovery fails to lift markets as Fed fears stall
on 15/08/2013 09:24:16
The 17 euro countries grew 0.3% in the second quarter but with much of the rebound due to the region's two largest areas, Germany and France, yesterday's data failed to ease worries about the pace of recovery.
In addition, there were fears that the US Federal Reserve will start to reduce its asset purchase programme next month, forcing markets in Asia and Europe onto the back foot. The FTSE 100 Index fell 30.7 points to 6556.8, a drop of 0.5%, while the Dax in Germany was down by a similar level.