Shares in Europe plunge again in tumultuous week

European shares plunge as global rout accelerates German DAX down 8.2%, French CAC-40 down 6.8%, FTSE 100 down 6% By Sarah Turner, MarketWatch LONDON (Menafn - MarketWatch) -- The main national European shares indexes all plunged on Friday, capping a week of carnage in equity markets when policymakers and central banks desperately battled to shore up financials and limit damage to the global economy. The pan-European Dow Jones Stoxx 600 index fell 6.2% to 208.11, a drop that ranks among the worst one-day falls for the index. The Stoxx 600 has fallen more than 20% in the last week, leading some strategists to call it a bear market within a bear market. For the year, the Stoxx 600 is down close to 44%. Selling was widespread with relatively defensive companies such German utility E.On down 11.2%, falling alongside more cyclical... [read full story]