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Monday March 22, 06:47
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European Stock Market, Midday
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European stock market fell, sending the Dow Jones Stoxx 50 and Euro Stoxx 50 indexes to their lowest levels this year, as the assassination of Sheikh Ahmed Yassin, spiritual leader of Palestinian Islamic group Hamas, reinforced concerns that terror attacks might increase. The Stoxx 50 shed 1.6% to 2617.94, its lowest since Dec. 17. The Euro Stoxx 50, a benchmark for the 12 countries sharing the euro, slid 1.9% to its lowest since Dec. 22. The Stoxx 600 lost 1.6%. The indexes climbed more than 40% in the 12 months to March 12 on expectations faster economic growth would lift corporate profits.
Germany's DAX Index slipped 2.3%. France's CAC 40 Index dropped 1.7%. The U.K.'s FTSE 100 Index lost 1.6%. The indexes haven't been lower since at least December. March futures on the Euro Stoxx 50 shed 1.7% to 2676.
SAP, the world's largest maker of business-management software, fell 3.5% to 120.45 euros. It rose 82% in the yearlong rally. ING, the biggest Dutch financial-services company, lost 2.9% to 17.19 euros. The shares more than doubled in the year ended March 12.
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