Monday, May 7, 2012

Athens stock market falls 6%

After election results in Greece that reflected public anger over austerity measures and cast doubt on the euro zone's ability to resolve its debt crisis, the benchmark Greek index was down 6.2 percent to its lowest level since mid-January, while the Greek banking sector fell 14 percent.

Investors and technical strategists said key European indices could fall further over the week, as uncertainty over the already ailing European economy grows.