The European indexes were mixed amid the Spanish banks' credit rating downgrade
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The stock market was very volatile on Friday. The shares of the bank sector were upmoving amid rumours of a ban to sell uncovered securities. While the producers of beverages and the companies of mining industry were demonstrating the downfall.
The index Stoxx Europe 600 declined by 0.6% to the level of 240.13 pips after decreasing by 1.1% on Thursday.
Going down for five consecutive weeks the index lost some 5% during the week.
The shares of a few European banks ascended amid rumours that the uncovered securities will be excluded from sales. Thus the shares of BNP Paribas added 3.6%, and Societe Generale gained 3.1%/ the shares of Banco San-tander, which was one of those 16 Spanish banks with the rating downgraded by Moody’s, upticked by 3%.
Still the Spanish index IBEX 35 increased by 0.3% to over 6 thousand 5hundred and 55.7 pips.
While the information concerning the growth of the Spanish economy exerted pressure on the mining sector. The index FTSE 100 fell by 0.7% to 5thousand 3hundred. 6 pips.
The French CAC 40 advanced by 0.2% to 3thousand and 16.71.
The German DAX 30 lost 0.2% and closed at 6thousand 2 hundred and 94.53 pips.
The index falling was mainly supported by a 3%-descending of Volkswagen shares and a shrinking by 2% of Adidas quotes.
