MW: Europe stocks slide more after Bundesbank comments
By Sara Sjolin
LONDON (MarketWatch) -- European stock markets fell deeper into red territory in afternoon action on Tuesday, after an unidentified official from the German Bundesbank told CNBC that monetary policy should focus on price stability, implying it's not in favor of bond buying by the European Central Bank. The source said, according to the broadcaster, that problems facing some member states are fiscal and should be addressed by fiscal instruments such as the rescue fund, the European Financial Stability Facility. The Stoxx Europe 600 index XX:SXXP -0.66% lost 0.7% to 262.00. France's CAC 40 index FR:PX1 -0.37% fell 0.5% to 3,302.89, while the U.K.'s FTSE 100 index UK:UKX -0.34% gave up 0.4% to 5,672.35. Germany's DAX 30 index DX:DAX +0.06% added 0.1% to 6,780.39.
