The European indexes were mixed amid the Spanish banks' credit rating downgrade
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.