Europe Stocks Fall On Dollar, ING Division
Posted on October 26, 2009 at 17:14 PM EDT
European markets dropped Monday as a rising dollar reversed gains in oil company stocks, and financials slipped after Dutch banking and insurance giant ING (ING) announced plans to split in two. After spending most of the day moderately higher, Britain's FTSE 100 closed down 1%, Germany's DAX fell 1.7% and France's CAC 40 lost 1.7%. Earlier, Asian markets rose, boosted by data showing South Korea's economy grew at its fastest rate in over seven