European markets drop after morning rally

European shares have fallen, ending a rally that followed an agreement to boost Europe’s rescue fund.

28th October, 2011
A trader watches shares fall on the Spanish exchange

European shares have fallen, ending a rally yesterday that followed an agreement to boost the euro-region’s rescue fund.

The Stoxx Europe 600 Index slid 0.2 per cent today, after climbing 0.8 per cent yesterday. Copper decreased 1 per cent and oil slipped 1.8 per cent.

Italian bonds dropped and copper achieved its biggest weekly gain since 1986. Italy sold €7.9 billion of bonds today, less than the maximum target, after Prime Minister Silvio Berlusconi vowed to boost economic...

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