9.19.2011

Divisions in the euro area lead to a decline in European stock exchanges

Resulted in divisions within the euro area on the file and the problems of Greece's sovereign debt to a decline in European stock markets when it opens again Monday, as banking stocks fell significantly. And the Paris Stock Exchange opened down by 2.31% and 2.26% to Frankfurt and London by 1.35% and 2.6% to Milan and Madrid to 2.51%.
In Paris, shares of Bank lostRemote opening of more than 3% and "Societe Generale" more than 6%. The same in Frankfurt, where it fell, "Deutsche Bank" by 4.58% to 23.95 euros, while shares were down, "Commerzbank" by 4.36% to 24.01 euros. He declared Christian Parisot expert Alaguetsadegeyab any decision by the ECOFIN Economic Affairs and Finance, warns onset tough week for the financial markets, "as stated by the Minister of Finance, the Greek Evangelos Venetsalos week that began would be" very difficult "for Greece and the euro area facing critical decisions on financial support for this country's debt-ridden and the future of the single currency. The meeting of European finance ministers dedicated to file Greece and the situation in the euro zone, which ended once again divide and without any progress on the plan to help the second of Greece, began serving a glimmer of hope experienced by the markets at the end of last week. and thus concluded Although European bourses week-performance clustered in Frankfurt rose by 1.18% and 0.58% to London and Madrid to 0.16% while Paris fell to 0.48% and 0.65% to Milan.

The caution prevailed Friday in The Wall Street before the end of the week as the index rises, "Dow Jones" by 0.66% and the "Nasdaq" B 0.58% at the close. Asian stock markets were closed - Tokyo were closed - down Monday, was 2.76% in Hong Kong and 1.79% in Shanghai and 1.64% in Sydney and 1.04% in Seoul. Markets do not expect any significant economic indicator on Monday, but investors awaited a speech, especially U.S. President Barack Obama T at 1430 hours. G to display a new plan to reduce the deficit value of three thousand billion dollars.

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