Financials are leading the market lower, amid failure by finance
ministers to reach an agreement at the Paris Summit and confusion over
whether German government would guarantee all private German bank
accounts. In FTSE-100: Financials -6.17%, oil & gas -5.93%,
consumers -3.01%, telecommunications -1.9% , utilities -1.58% and
industrials -3.61%. In CAC-30: Financials -5.99%, oil & gas -4.6%,
consumers -3.96%, utilities -6.22%. In Xetra-DAX: Financials -7.65%,
consumers -2.39%, industrials -8.55% and technology -5.14%. FTSE-100 is down 254pts (-5.13%), CAC-30 is down 214pts (-5.86%) and Xetra-DAX is down 287pts (-5.37%).