June 14, 2006	Wednesday	Jumadi-ul-Awwal 17, 1427

LONDON, June 13: European shares nosedived on Tuesday, after a bloodbath in the Tokyo stock market, sparked by renewed concerns over prospects for rising inflation and interest rates in the United States, dealers said.

In European trading on Tuesday, London's FTSE 100 index of leading shares slumped 1.55 per cent to 5,534.00 points.

In Paris, the CAC 40 index of leading shares plummetted 1.83 per cent to 4,636.69 points and Frankfurt's DAX 30 fell heavily by 1.71 per cent to 5,303.39 points.

The DJ Euro Stoxx 50 index of leading eurozone shares sank 1.71 per cent to 3,421.07 points.

The euro stood at 1.2586 dollars. —AFP