empty
 
 
Europe Stock Market Review: Rates Down
loader

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%.


Calendar and reviews
Editor's choice
At "World Finance Awards" the British magazine "World Finance" named InstaForex the "Best Broker in Asia" for the third time in line. Find out a short review of this event and enjoy London sights.
Dr. Rakesh S. Rajangam, Doctor at Newcastle University: "Important aspects in HR management" (ShowFx World Exhibition in Singapore)
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback