European stocks fall back again amid fears of credit squeeze

0 Comments | AFP, August, 2007

LONDON (AFP) — Europe's main stock markets slid in early deals on Tuesday as concerns lingered about a global credit squeeze sparked by the crisis in the US home loan sector.

London's FTSE 100 of leading shares stood 0.63 percent lower at 6,180.10 points about an hour after Tuesday's open and in Frankfurt the DAX 30 fell 0.48 percent to 7,437.66 points.

The Paris CAC 40 dropped 0.72 percent to 5,528.93 after opening down more than one percent, while and the DJ Euro Stoxx 50 index of top eurozone shares declined 0.64 percent to 4,228.46 points in early trade.

In foreign exchange dealing, the euro fell below 1.36 dollars for the first time since July 10, as the US unit continued to benefit from its status as a safe haven in times of financial instability....