Friday, June 22, 2012

Markets in Europe finished trading downturn in domestic news

Leading European stock indexes finished trading on Friday the negative dynamics on the background of weak statistics from Germany and the rating action Moody's, according to data exchanges.

By the end of trading the German DAX 30 fell by 1.17% - to 6268.66 points. The French CAC 40 fell 0.75% - to 3090.90 points. Britain's FTSE 100 lost 0.99% and closed at 5511.14 points.

Do bidders continue to raise concerns about the situation and prospects for the eurozone economy. On Friday it became known that the business climate index in Germany, Europe's largest economy, declined in June compared to May by 1.6 percentage points - up to 105.3 points - a minimum of two years of the mark. The analysts were expecting the index to reduce to only 105.6 points.
In addition, investors are paid attention to the message that the international rating agency Moody's on the night of Friday downgraded the ratings of 15 banks and companies engaged in securities transactions. Among European financial institutions, which have been taken negative rating action, Credit Suisse Group AG, UBS AG, Societe Generale, Royal Bank of Scotland, Deutsche Bank AG, BNP Paribas, Barclays.

At the same time, positive on the market brought the ECB decision to facilitate access to financial transactions of banks liquidity by easing collateral requirements for loans. These news have increased the value of the shares of financial institutions in Europe.

In addition, on Friday, Minister of Economy of Spain, Luis de Gindos announced his intention to make a formal request to Spain for financial assistance amounting to 100 billion euros on Monday, June 25.

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