Home >

European Debt Crisis Continued &Nbsp; &Nbsp; European Stock Index Fell 0.72% On Wednesday.

2010/11/11 9:57:00 31

Eurozone Sovereign Debt European Stock Index Fell


Beijing time on the morning of November 11th, investors on

Euro zone sovereign debt

Concerns escalated again on Wednesday, while the US stock market started badly, increasing the selling pressure in the European stock market.

European stock index

Wednesday final

Fall

0.72%.


The pan European Dow Jones index closed down at 271.48 points on Wednesday, down 0.72%, losing most of the previous trading day's gains.

The index rose 0.57% on Tuesday at 273.46 points, and also hit the highest closing point since 2010, the highest closing point since September 2008.


The US stock market opened lower on Wednesday.

Although the number of first jobless claims applied last week showed good results, the trade deficit also showed signs of narrowing, but a number of indices remained low.


Philip, Wood, an analyst with the securities firm's evolutionary securities firm, pointed out that after the rally last Monday, the European stock market will have a callback "in the absence of economic data" this week.

He also pointed out that the decision of the people's Bank of China to raise the reserve requirement on Wednesday was also "frightening" to the European stock market.

Reported that the people's Bank of China on Wednesday announced that the reserve ratio of several major large commercial banks will be adjusted upward by 0.5%.

But Easther Wood admits, "this is not the first time China has done this. It should be said that this is only a slight tightening."


Meanwhile, China's official data show that the trade surplus narrowed to US $27 billion 150 million in October, exceeding the market expectations.


China's data show that the slowdown in economic growth has affected the demand for precious metals.

Gold prices fell back from a record high on Wednesday, dragging down the FTSE 100 index by 0.99% and closing at 5816.94.

KAZ listed in London fell 3.8%, while South African gold supplier Lonmin (LMI) fell 4.6%.


The Portuguese government on Wednesday completed a total of 1 billion 242 million Euro 6 - and 10 - year Treasury auctions, of which 10 - year treasury bonds had fallen sharply.

Also on Wednesday, yields on Irish 10 - year bonds exceeded 8%.

The European stock market was slightly stimulated.


French Foreign Trade Bank (KN) third quarter earnings report less than market expectations, stock prices fell 12.23%; French Agricultural Credit Bank (ACA) fell 4.62%: French CAC 40 index dragged down 1.45%, to 3888.45 points.


The German DAX 30 index fell 1%, to 6719.84 points.

Deutsche Bank (DB) fell 2.3%; EOAN, a utility company, announced that it would seek to sell part of its business to help reduce its liabilities and its share price rose by 2.2%.


According to major companies, VE, the French utility service provider, performed well in the first nine months, and its share price rose by 3.6%. The French electric power company (EDF) rose 2.1%; the third quarter earnings of Italy's United Bank of credit (UCG) decreased year by year, and its share price fell 4.7%; Holland International Group (ING) reported favorable earnings and its share price rose 2.4%; the Swedish food retailer Del Haze group (DELB) gained third quarter earnings and its share price rose 7.33%.


The European stock market regional index fell Tuesday: the Irish ISEQ index fell 1.5%, the Spanish IBEX 35 index fell 1.7%, and the Italy financial times MIB index fell 2.4%.


  • Related reading

CISCO System Achieved Net Profit Of US $1 Billion 900 Million In The First Quarter.

Industry stock market
|
2010/11/11 9:55:00
33

Market Focused G20 Summit &Nbsp; &Nbsp; Wednesday Road Index Rose 0.09%

Industry stock market
|
2010/11/11 9:51:00
45

November 11Th International Financial Media Headlines

Industry stock market
|
2010/11/11 9:26:00
68

Dongxing Futures: Yarn Price Continued To Rise &Nbsp, Cotton Rose Reasonably.

Industry stock market
|
2010/11/10 14:29:00
66

Ruida Futures: Spot Accelerated Up &Nbsp; Zhengmian Strong Finishing

Industry stock market
|
2010/11/10 14:28:00
31
Read the next article

Ten Great Wisdom To Help You Become A Career Leader.

It is normal to have some minor contradictions with colleagues during the long time of work. However, in dealing with these contradictions, we should pay attention to methods and try to make the contradictions between you open to the public.