US markets ended the week lower, with escalating fears over the eurozone debt crisis
City Index May 21, 2012 3:07 PM
<p>US markets ended the week lower, with escalating fears over the eurozone debt crisis. A lacklustre debut for Facebook on the Nasdaq failed to raise […]</p>
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- US markets ended the week lower, with escalating fears over the eurozone debt crisis.
- A lacklustre debut for Facebook on the Nasdaq failed to raise investors sentiment, however, the social network provider did manage to close slightly higher.
- This week has started positive after after leaders of G8 nations pushed for Greece to stay in the euro area, easing worries about the region’s debt crisis.
- The euro is trading higher against most of its major peers and risk seems to be on in equity markets, with banks and miners leading the way in London
- The FTSE is currently up 27 points at 5296, the CAC and Dax are up 30 points and 46 points respectively, while Dow Futures are up 70 points at 2440
- On the FTSE, Man Group is leading the way, up 6.9% after the investment manager announced the acquisition of global hedge fund FRM, which has $8 billion under management.
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