The euro dives below $1.27 and European shares are down alongside with some crediting Fitch's...

|By:, SA News Editor

The euro dives below $1.27 and European shares are down alongside with some crediting Fitch's comments with spooking the markets. The Stoxx 50 gives up gains of about 0.5%, now -1.1%. The euro is back within a handful of pips of a 16-month low, -0.7% at $1.2688.