European stocks see biggest weekly fall since 2008

By REUTERS
August 5, 2011 20:57

LONDON - European shares fell on Friday and posted their biggest weekly decline in nearly three years on worries about weak global growth and fears that the euro zone debt crisis could engulf Italy and Spain.

A bigger-than-expected rise in US payrolls helped to limit losses.

The FTSEurofirst 300 index of top European shares fell 1.8 percent to 975.02 points, the lowest close in 13 months. Volume was more than twice the average of the last 90 days.


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