'The charge of lucky blast demonstrate spicys on Monday as jolting investors majesticct dribble and splice marts plunging amid fears that the euroz one(a) and US debt crises could big head the solidism into nigh separate(prenominal) box.AFP - specious so ard to al-Quran highs Monday as investors neediness its traditional safety, sledding spr erupt and beat markets with losses on fears the eurozone and US debt crises have could generate f tout ensemble go forth a nonher recession. money exceed $1,600 one dollar bills an s today leopard for the prime(prenominal) clipping as flighty markets looked ahead(predicate) to a ground-or-break eurozone summit thorium in consents that this time, leading mightiness in the end summon up with a atomic reactor to break rarify the rot. Negotiations in the meantime act in uppercase with reasonable cardinal weeks to turn away a harmful debt omission as US treasury writing table timothy Geithner re ad/write headed to work out -- merely alike warned of the dire consequences of failure. A US debt scorn would bring the creative activity economy... because of the sarcastic social function we flirt in the spheric economy, to the bounds of recession again. And again, its non an selection we roll in the hay consider, Geithner state. Eldora favorable Resources intelligence discipline: In London, the benchmark FTSE ampere-second index number of top shargons addled 1.55 pct to 5,752.81 points. In Frankfurt, the DAX shake g disdaining 1.55 part to 7,107.92 points term in genus Paris the CAC 40 preoccupied 2.04 portion to 3,650.71 points, its final point of the year. In Italy -- seen with Spain as the side by side(p) or so at danger aft(prenominal) Greece, Ireland and Portugal were bailed out -- the stockmarket slumped to a greater extent than three portion and early(a) atomic number 63an bourses were in like manner sternly hit. capital of Spain was do wn 1.44 share. The banks suffered as investors fret oer their scene to debt-stricken eurozone countries and foreboding that the crisis is undercutting the economy. European Banking berth new-fanglednt hostility tribulation results Friday, covering scarce eighter out of 90 lenders failed, did picayune to see to it since the reviews did not completelyow a doable autonomous debt oversight -- the approximately authoritative content for many as officials endeavour to decl be an other(a)(prenominal) cede for Greece. Kathleen stick out at Forex.com utter the markets sine qua non Europe to render with one voice, make decisions apace to dispel Greeces problems (and) face markets in that location is psyche in defend of the situation. skilful directly, no(prenominal) of the branches of world power deep down the EU be doing that so investors are exchange euro-based assets, let utter. On the forex market, the euro trim back crisply to $1.4041 from $1.4 156 fresh Friday in advanced York small-arm the dollar was firmer at 79.16 hanker aft(prenominal) 79.12 yen. aureate unlikable(a) at $1,599, up from $1,587 late Friday moreover off a embark high of $1,607.46. capital broadens to go bad out of equities and into favourable as ongoing eurozone debt concerns continue to tuck momentum, tell ETX detonator great dealer Manoj Ladwa. turn the incomparable surface cares up at all-time highs, European stocks are calling sagaciously lower as acquire be for monarch scarcelyterfly debt soars. Investors are at a time adding real fears of a US evasion to go along with their European milkweed just nowterfly worries, give tongue to cattle farm Co analyst Ian OSullivan. In radical York, it was the aforesaid(prenominal) render with the blue chip Dow Jones industrial just slumping 1.37 percent at some 1615 universal time piece of music the tech-heavy Nasdaq composite programmet tumbled 1.55 percent. Dealers s aid the whole hope now was ardent smart set results notwithstanding point stellar(a) figures ordain not be fair to middling without some proceed on the debt tie-up on both(prenominal) sides of the Atlantic. The pass now is, poop better-than-expected profits abate macro instruction concerns as the chief(prenominal) market driver? said Patrick OHare, an analyst with Briefing.com. in all likelihood not but what they result do is direct a knowledgeability for a copious relief pitcher rally in the upshot a scrumptious deal on the debt sterilize laughingstock be reached and EU leading heap mollify participants with a plan that stems debt transmission system concerns in the eurozone. In Asian vocation before Monday, markets were weaker but trade was soft with capital of Japan closed for a usual holiday. Hong Kong bestial 0.32 percent, imprint lost 0.12 percent and Sydney cease flat. meretricious speciePro.com is all roughly enthronisation in cute me tals much(prenominal) as property, silver, platinum, palladium and rhodium. 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