LONDON Sept 26 (Reuters) - Britain's leading share index dropped back
sharply on Wednesday, tracking a reversal on Wall Street and losses overnight in
Asia, pressured by global growth worries and signs that Spain's economic crisis
is worsening.
At 0711 GMT, the FTSE 100 index was down 50.93 points, or 0.9
percent, at 5,808.78, having gained 0.4 percent on Tuesday in tandem with an
early advance on Wall Street following upbeat U.S. data.
However, U.S. blue chips turned around late on, shedding 0.8 percent,
while the broader S&P 500 suffered its worst day since June as investors
focused back on growth concerns ahead of the end of the third-quarter and start
of the next corporate earnings season.
Concerns over the euro zone debt crisis were also to the fore once again.
Spain's Prime Minister Mariano Rajoy on Wednesday said he was ready to seek
a new rescue package for his troubled country but only if its debt financing
costs remain too high for too long.
(Reporting by Jon Hopkins; Editing by Sudip Kar-Gupta)
Source: http://news.yahoo.com/uk-stocks-drop-back-growth-euro-zone-concerns-071350301--sector.html
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