Share report: European uncertainty hits markets

European shares dropped the most in more than three months as Spanish and Italian banks retreated amid signs of returning political uncertainty in Europe’s weakest economies.

4th February, 2013
Dublin's Iseq index fell 1 per cent.

European shares dropped the most in more than three months as Spanish and Italian banks retreated along with their government bonds amid signs of returning political uncertainty in Europe’s weakest economies.

Banco Santander, Spain’s largest bank, lost the most in six months as Prime Minister Mariano Rajoy denied corruption allegations. UniCredit, the biggest lender in Italy, sank the most since June as former premier Silvio Berlusconi gained in opinion polls before elections this...

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