European Indexes Fall

Markets Tuesday tracked declines on Wall Street

London: The FTSE 100 closed deep in the red, tracking Wall Street. Sentiment took a hit on Home Depot's (HD) disappointing outlook, coupled with profit warnings from other US companies and S&P Credit Ratings saying it may cut US$12 billion worth of bonds backed by subprime loans. The pound spiked to a 26-year high vs. the greenback. Cable was at US$2.0246. However, among individual bright spots Unilever (UN) and Marks & Spencer were in focus.

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