European shares post steepest annual fall in 3 yrs

December 30, 2011 20:17


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

LONDON - European shares rose on Friday but still recorded their biggest annual drop since the onset of the financial crisis as debt tensions in the euro zone strained the financial sector and threatened to derail a fragile economic recovery.

The FTSEurofirst 300 index of top European shares ended the day 0.8 percent higher at 1,000.39 in volume at less than a quarter of the 90-day average as the UK and German markets closed early ahead of the New Year weekend.

Cyclicals gained, led by construction stocks and insurers, as the market extended a year-end rally on the back of a steady flow of upbeat data from the United States recently.

For the year the index fell 10.7, the most since 2008, with cyclical stocks among the worst hit as government austerity measures and a lending squeeze in the euro zone curbed economic growth.

Related Content

Breaking news
August 20, 2018
Britain to stop some aid for Syrian opposition in rebel-held areas