27 June 2001, 11:26 European stocks slump on technology, Merrill warnings
London, June 26 (BridgeNews) - European stock markets fell as
profit-warnings from French information technology services company Cap
Gemini (FR;CAP) and from U.S. financial services giant Merrill Lynch (MER)
prompted another wave of selling through technology and financial sectors.
The profit-warnings were harshly dealt with and pushed hopes for a cut in
U.S.
interest rates on Wednesday into the background. At 1545 GMT, the FTSE
Eurotop 100 Index was down 57 points, or 1.9%, at 3082 points.
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