European equities FTSE,CAC and DAX were down

[gnutrade.satya]

Banking stocks remained to be down as there were worries over the eurozone peripheral debt crisis weighed.European equities FTSE,CAC and DAX were down on second day of the week as Ireland's was in confusion and there was a possibility of contagion to its regional peers intensified, and tensions in the Korean peninsula increased.Angus Campbell, head of sales at Capital Spreads said: "The Irish bailout continues to cause uncertainty amongst European investors as concerns about the potential of contagion to other countries have increased. Equity markets are going to continue to suffer and the selling has been compounded by the geopolitical unrest in Korea."