European stocks struggling amid eurozone fears

Stocks continue to struggle in the face of mounting eurozone anxiety, it has been reported.

According to the Financial Times, the euro has fallen to a two-month low against the dollar, trading at $1.3175, as traders fear the prospect of credit rating downgrades within the eurozone.

As a result of this, the FTSE All-World index has fallen by 0.2 per cent, with copper among the industrial commodities to be hit significantly, falling 0.4 per cent.

Fitch Ratings' prediction of a "significant" economic downturn in Europe during 2012 has further dampened investor appetite.

However, it is hoped that better-than-expected confidence levels among German businesses will provide a boost to European Stocks.

The ZEW Center for European Economic Research in Manheim revealed that its index of investor expectations rose for the first time in ten months during December.

It rose to -53.8 this month, up from a three-year low of -55.2 in November, despite predictions of a further drop among analysts.

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