European bourses close near their lows of the day, with Italian shares hit hardest, -3.3%. Worth...

|By:, SA News Editor

European bourses close near their lows of the day, with Italian shares hit hardest, -3.3%. Worth watching is the ratio of German to Spanish stocks. It has tended to move higher along with EU debt worries. Today however, it was the Iberian index -1.4%, that outperformed. EZU -2.8%, VGK +5.3%.