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Europe Stock Market Review: Rates Down
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The European Euro Stoxx 50 closed the session in the red zone, having declined by 0.2% to the mark of 2,466.32 pips after the European financial regulator and the central bank of Germany downgraded hopes for the possibility of immediate support to the euro area countries with the most difficult situation.


Thus the sub-index Stoxx Europe 600 for the banking sector lost 1.4%, and the sub-index for the raw materials sector decreased by 1.3%.


The French CAC-40 dropped by 0.2% and closed at 3,480.58 pips because of the insignificant trade volume.


The sentiment worsened, as the German authorities assumed that the next meeting of Germany, France and Greece will not lead to any important solutions.


The shares of the financial sector got cheaper: Credit Agricole lost 4.5%, and Societe Generale plunged by 3.6%.


The German DAX closed with the slide by 0.1% to the gauge of 7,033.68 pips, having lost the earlier gained positions, when the ECB had not confirmed the mass media news regarding the planned limitation of the credit costs for the Eurozone troubled countries.


So the British FTSE 100 descended by 0.5% to the level of 5,824.37 points. The decline was lead by the shares of the mining and resource companies. Evraz shares slowed down by 4.2%, and the price of ENRC shares fell by 3.4%.


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