mynameisandhy Posted February 13, 2012 Author Report Share Posted February 13, 2012 News and Zonja European Economic Review (UK) London's FTSE Level Test Resistant Lock 5.900 Monday, February 13, 2012 Banking sector and commodity stocks powering the strengthening of European stock markets, especially UK blue chip share index since the European session opening Monday after the Greek parliament approved the program budget savings required to obtain an international bailout. Observed so far in the European banking index rose 1.6%, led by Commerzbank and Societe Generale rose respectively by 4.2% and 3.4%. While London's blue chip index (FTSE) rose 49.91 points, or 0.9% to a level of 5,902.30, and Barclays is still leading the strengthening of the banking sector by 1.3%. Banking shares had fallen 30 percent during 2011 due to investor concern that Europe's debt crisis will destroy the balance sheet of the banks and the credit crisis triggered sector, successfully recovering on Monday after there are indications that Greece can avoid the possibility of default / failure to pay is not the case regularly. Technically, shares of the London FTSE is still difficult to penetrate the resistance level above 5.900 since early February, based on the RSI indicator, fading a little upward momentum in the short term, but the trend remains bullish for prices FTSE able to hold above the 5.785 level. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 14, 2012 Author Report Share Posted February 14, 2012 News and Review of European Economic Zone Euro Still Moving Range Trading Uncertainty Over Greece Tuesday, February 14, 2012 The euro weakened thin although the Greek parliament will pass the Bill budget austerity measures aimed at addressing the sovereign debt crisis. After being strengthened by the approval of parliament against austerity measures that will be executed next plus a bond exchange program that relieves the burden of debt of Greece, the euro currency even lose momentum because there are still hurdles to Greece before receiving bailout funding. The stumbling block among other things, the approval of euro zone finance ministers who will be their discussion at the meeting next Wednesday, but investors were also still want to see how the ECB's participation in a debt exchange with Greece. As part of an exchange of debt securities, private bondholders suffer losses expected from quite deep, because the new bonds will have a lower interest rate than the old debt. EURUSD currency pair as a whole is predicted to still be moving range-trading in the range of 1:31:00 - 1.3300 given the many uncertainties in the market at this phase. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 14, 2012 Author Report Share Posted February 14, 2012 News and review European Economic Zone (Germany) German Economic Sentiment Improved Tuesday, February 14, 2012 Germany, Europe's largest economy, seemed to keep the momentum of economic recovery following the improving economic sentiment. Economic sentiment index rose to 5.4, higher than forecast and the publication in January -21.6 -11.8. The euro rose 10 pips after the data was released. EUR / USD is now trading 1.3200, 1.3127 daily stay away from low level Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 14, 2012 Author Report Share Posted February 14, 2012 News and Review of European Economic Zone (UK) BoE's King: Will Inflation Target As At End 2012 Tuesday, February 14, 2012 Bank of England governor, Mervyn King, on Tuesday said that the rate of inflation may still be continuing the decline this year, but how fast and how much reduction will be demonstrated is still "highly uncertain". In a letter addressed to the Chancellor of the Exchequer George Osborne, which was published after the release of inflation data in January, King delivered if said BoE's Monetary Policy Committee will re-estimate the rate of inflation slowed down to 2% target range by the end of 2012. Government data on Tuesday showed annual inflation rate in England fell to 3.6% in January from 4.2% the previous month. "The influence of the factors that could be seen pushing inflation to subside," said King. "The decline of fuel prices and domestic energy prices, plus the start fading effect of the sales tax increase last year may have been one major factor suppressing inflation," he added. While in response to a letter addressed to him, George Osborne said that the government's austerity plan however must still make room for the BoE to maintain a loose monetary policy. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 15, 2012 Author Report Share Posted February 15, 2012 News and Review of European Economic Zone (Greece) Need to Convince Business Hardware Greece Europe Wednesday, February 15, 2012 Europe again pressing Greece to carry out the policy for the budget savings get bailout funds. Euro-zone finance ministers meeting in Brussels do cancel and replace the format for the meeting to discuss whether the Greek telekonverensi deserve bailout funds. Athens to secure the disbursement of bailout? 130 billion to avoid default in March. "Format telekonverensi meeting was decided by the leadership of the euro-zone finance ministers, Jean-Claude Juncker, due to the lack of elements to ensure the success of the meeting," said Italian Prime Minister Mario Monti. After Juncker cancel the meeting, leaders of political parties of Greece, Antonis Samaras and George Papandreou, will give a written commitment that prompted European, according to Bloomberg resource. The Greek government also agreed to add an austerity budget for? 325 million. "The government will reduce the budget for defense, public investment, and health," according to Bloomberg resource persons who declined to name the publication. Meanwhile, the euro looks difficulty maintaining gains in the London session. EUR / USD is now trading 1.3152, trying to stay away from daily highs 1.3190 Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 15, 2012 Author Report Share Posted February 15, 2012 News and Review of European Economic Zone Eurostat: European Economic Contraction In Fourth Quarter Wednesday, February 15, 2012 In the euro area economy contracted less than expected in last quarter of 2011, official preliminary data showed Wednesday. In a report, Eurostat said that Europe's gross domestic product fell by 0.3 percent in seasonally adjusted during the fourth quarter of last year, slightly better than the 0.4 percent diperkiakan. Europe's economy grew by 0.1 percent in the previous quarter. On an annual basis, the European GDP grew at an annual rate of 0.7 percent in the fourth quarter, the results are in line with forecasts, after increasing at a rate of 1.3 percent in the previous quarter. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 15, 2012 Author Report Share Posted February 15, 2012 News and Review of European Economic Zone Italian GDP drop Wednesday, February 15, 2012 Italy reported the economy contracted for the second consecutive quarter in Q4 2011, close to the definition of a recession. Based on the Italian statistical office reports, ISTAT, reported gross domestic growth (GDP) for the initial estimate of -0.7% reported in Q4 compared to Q3 of -0.2%. When compared to Q4 2010, GDP Italy's third largest economy in Europe has experienced a contraction of -0.5%. Although the Italian GDP drop, but the index of quality of life in Italy is ranked 10, in which Italy still enjoy the standard of living is quite luxurious, with an average of nominal GDP per capita is high. Moreover Italy is the third country in the world who has the most gold reserves. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 16, 2012 Author Report Share Posted February 16, 2012 News and Review of European Economic Zone (Switzerland) Swiss Franc to 0.9260 Continue Correction Thursday, February 16, 2012 Swiss Franc to the area continue relinya previous price of 0.9233 0.9260. The support level occurs when the U.S. dollar bid to maintain signal or "buy" in today's market to U.S. investors sought refuge amid the protracted Greek crisis. Technically, the current market correction is likely to move through the levels of the rally on the movement down, but it may be through the continuation of the bullish ride a larger scale, "said Fan Yang, CMT, Chief Technical Strategist of a FXTimes.com. The analyst explained: "The bullish target above 0.9262, look at the magnitude of the range projected in the direction of penetration rates, which will target 61.8% retracement near the price, around 0.94. Even the 0.94 level is an important pivot, support or maintain the support of the consolidation in January to penetrate and open up opportunities for bearish movement down to 0.9188 ". Today, the Swiss franc remained stable at around 0.9250, 0.20% gain recorded to this day. If the drive keeps going up in the next few hours, above the level specified in the level of 0.9262, 0.9278 resistance level recorded (38.2% Fibonacci level to sell at 0.9592/0.9087). For the movement of the decline, the level of support seen at 0.9232 (February 3 high). Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 16, 2012 Author Report Share Posted February 16, 2012 News and Review of European Economic Zone Euro AIG to Lowest Since January 25th position in the Middle Possible Failure of Aid Greece Thursday, February 16, 2012 Movement of the euro in trading today again decreased significantly (16/02). Euro getting worse, falling for five consecutive days against the dollar on fears the failure of the second phase of assistance to Greece. Yesterday the euro area finance ministers to the conference via telephone. At the conference it was revealed that some countries are still hesitant and reluctant to provide additional assistance worth 130 billion euros to Greece. They especially are still not sure about the term-term budget cuts in the plan approval in Greece. Today the euro fell sharply. The euro reached the lowest position since January 25 last at 1.3008 dollars. Currently the euro looks a little rebound and are at 1.3025 dollars. The position of the euro compared to the close of trading fell sharply early this morning in the level of 1.3065 dollars. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 16, 2012 Author Report Share Posted February 16, 2012 News and Review of European Economic Zone The fate of Greece is not clear, euros slumped Thursday, February 16, 2012 The euro fell to its lowest point for three weeks against the dollar today as the European Union to delay granting bail to Greece despite memenuhu terms of international creditors. The European Union said yesterday that the EU is still evaluating bailout of Greece to the country's general elections next April. Greece has 14.5 billion euros of debt maturing soon and will not be able to afford it without assistance from international creditors. Uncertainty weakens the euro even though the two leaders of the Greek political parties will send a letter to the international creditors for approval bailouts. The euro fell 0.4 percent to 1.3007 per U.S. dollar range below the average of 55 days in the range of 1.3052 per U.S. dollar. The euro also fell against the yen at 102.03 yen range. The dollar was at its highest range for three and a half months in the range of 78.67 yen yesterday and 78.42 yen stabilized in the range. While the Fed meeting in January showed some members believed that the purchase of bonds by the central bank needed to support the American economy. Bonds with a maturity of two years of the United fell yesterday from the highest point reached during the seven weeks last week. Aussie job market surged after data showed the number of workers rose Austrlia 46 300 in January, far from the estimate that only 10,000 workers. But it will concern the Greeks make the currency edged down 0.2 percent to 1.0680 per dollar. While the kiwi fell 0.8 percent to 0.8267 per U.S. dollar. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 17, 2012 Author Report Share Posted February 17, 2012 News and Review of European Economic Zone Euro vs Swiss Franc AIG Over Fears subside Friday, February 17, 2012 Swiss franc weakened against the euro and U.S. dollar on Friday after a U.S. economic reports that exceeded expectations on Thursday and help sustain the interest of investor sentiment towards riskier assets other than the Swiss franc. Euro single currency itself is supported by the Greek bailout hopes that the second stage can be reached on Monday next week. Swiss Economics Minister, Johann Schneider-Ammann had commented that the Swiss franc is still considered overvalued despite the restrictions imposed ceiling of the exchange rate of euro swiss, at 1:20 level by the SNB in September last. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 17, 2012 Author Report Share Posted February 17, 2012 News and Review of European Economic Zone Expectations of the European Zone Agreements Debt Still Support your Euro Rally Friday, February 17, 2012 The single currency Euro continue strengthening against the U.S. dollar since the European session on Thursday linked the hope that agreement can be achieved by the Greek bond swap and successfully sustain investor sentiment and interest in riskier assets. Central banks in Europe are also getting ready to redeem their holdings Greek bonds for new bonds of private sector debt-related agreements with Greece to avoid bigger losses. Exchange of bonds is planned to be conducted over the weekend. If the Greek debt swap agreement has been completed on Monday and will diirilis more details about the rescue package for the second stage, where it is supposed to potentially sustain EURUSD to 1.3300 level. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 17, 2012 Author Report Share Posted February 17, 2012 News and review European Economic Zone (Germany) Manufacturers Sector Inflation Weakens Germany Back Friday, February 17, 2012 German Office of Statistics data released on Friday that the rate of inflation in the producer sector slowed for the next period of 4 months in a row. Output price inflation slowed to 3.4 percent in January while for the month of December at 4 percent. Economists expect inflation to 3.2 percent range. In the energy products sector, an increase of 7.3 percent, while for the price of the consumption of durable goods, and not moving an increase of 3.6 percent. In the commodity sector, there was growth of 2.1 percent to an annual period, while for the price of goods and capital around 1.3 percent decline. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 20, 2012 Author Report Share Posted February 20, 2012 News and Review of European Economic Zone (France) Business confidence in France Stretching Equipment And Flat Monday, February 20, 2012 Insee, the French Statistical Office reported that a survey of business confidence and France remained unchanged in February. Confidence index for the manufacturing sector was recorded at level 92 in February, unchanged from January after a revised. Economists expected the index range at 91 points, or higher than the level in January. Business leaders believe that economic activity is expected to slow production. Despite the increase, but still remain in the range below the average for long-term range. France expected to be able to rise from the economic recession stretching euro zone after the last condition is stable and conducive to the front. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 20, 2012 Author Report Share Posted February 20, 2012 News and Review of European Economic Zone Potentially Stronger European exchanges Monday, February 20, 2012 European stocks trading on Monday (2/20/2011) is predicted to strengthen the hope Greece will be able to ensure the melting of a second bailout by the meeting of finance ministers today. FTSE index is predicted to rise 52 points will the DAX rose 81 points and the CAC will go up 40 points. Discussion about the bailout of Greece has started on Sunday attended by finance ministers of the European Union and European Central Bank (ECB). If it happens kesepakatna then Greece will receive an injection of fresh funds worth 130 billion euros, equivalent to U.S. $ 171.7 billion. So quoting yahoofinance.com. Asian stock markets rose by positive sentiment from China's policy that began to loose since last week. Shanghai index rose 0.4%, the Nikkei rose 1.08% and the ASX index rose 1.4%. Bank of China last week has reduced the amount of cash that must be paid in banking. This is to enhance the ability of banks to disburse loans in order to move the economy. Bank and insurance company will redeem the bonds that held about 70% of asset value. Today the U.S. stock exchange to commemorate the presidential holiday. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 20, 2012 Author Report Share Posted February 20, 2012 News and Review of European Economic Zone Euro Look forward to the Greek situation Clarity Monday, February 20, 2012 The euro rose on the London session as optimism about the outbreak of the Greek bailout disbursements. EUR / USD briefly touching 1.3237 earlier in the session in Asia after China's central bank to loosen monetary policy of sustaining economic growth in the world 2. However, the single European currency is starting to get some profit-taking into the European session as traders wait for further clarity of the situation of Greece. Euro-zone finance ministers meeting in Brussels to do tonight to discuss whether the Greek decent receive bailout funds? 130 billion. The meeting will also discuss the commitment of political parties in Athens, the debt swap with private creditors, and the role of the ECB to help alleviate the debt burden of Greece. "I think the market is still optimistic about the Greek situation. This course will support the performance of the euro," said Thomas Averill, senior Rochford Capital. German Chancellor Angela Merkel, Prime Minister of Greece Lucas Papademos, and Italian Prime Minister Mario Monti express his conviction on 17 February last that the meeting of euro zone finance ministers will find a solution to the Greek situation. If the meeting fails to produce an agreement then the discussion will continue at an EU summit next March 1. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 21, 2012 Author Report Share Posted February 21, 2012 News and Review of European Economic Zone Greece Wins Agreement, European stocks That Weakens Tuesday, February 21, 2012 Most of the European stock markets traded slightly exceeded in session Tuesday after the previous EU finance ministers approved a bailout package for Greece and accept the debt swap agreement with private creditors. Europe Stoxx 600 Index fell back 0.3 percent to 267.37 level, causing an increase risk in the past four days in a row. European stock markets traded mostly flat after eurozone finance ministers to end a long meeting Tuesday morning with a deal to provide Greece with 130, billion euros, equivalent to $ 172 million bailout package fresh. Greece also reached an agreement with private bondholders to slash more than 53 percent of some 200 billion euros. Oil company caused the biggest drop in the index rose Monday after a behind the rise in oil prices. Tullow Oil PLC, fell 3.8 percent, one post the biggest drop the index. BG Group PLC fell 1 percent and Petrofac Ltd fell 1 percent, dragged Britain's FTSE 100 index fell 0.2 percent to a level of 5934.63. Total SA shares slumped 1.1 percent in Paris after Morgan Stanley downgraded its stock to underweight from equal-weight, citing fears of the oil will outperform peers in terms of dividend growth. French CAC 40 index fell 0.1 per cent, at 3468.61 in early trading, although supported by the rise in bank stocks such as BNP Paribas SA, which rose 2.1 percent. German DAX 30 index fell 0.2 percent to a level of 6936.35. ThyssenKrupp AG fell 2.6 percent after UBS downgraded its stock to 'sell' from 'neutral' on valuation grounds. Athens General Index fell 1.9 percent to 810.37 level, the National Bank of Greece SA fell 5 percent. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 21, 2012 Author Report Share Posted February 21, 2012 News and Review of European Economic Zone Euro offset from High Level Over Fading Euphoria Greek Deal Tuesday, February 21, 2012 Euro currency is stable in positive territory Tuesday after the Greeks finally won a deal to avoid running the bailout of default case, but most investors are still skeptical and are still trying to sell on rally due to doubts about the ability of Greece to manage their debts are still piling up. All positive news has been discounted in the market, so the chances of appreciation of the euro currency area beyond 1.3307 is still quite small. Monitored by far the EURUSD currency pair traded at 1.3268 after reaching its highest intraday level at 1.3293, the lowest daily at 1.3186 area. Technically speaking, look at the area nearest resistant MA100 days which is located at 1.3307 area, on the bottom side, strong support appears at 1.3220 area - 1.3200, fell again under the area has the potential to trigger further bearish momentum targeting 1.3000 target in longer term. Furthermore, each EU member state still must approve the rescue package for Greece before the funds can be disbursed. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 21, 2012 Author Report Share Posted February 21, 2012 News and Review of European Economic Zone (UK) Follow the trail Sterling Euro Deal Greek Easter Tuesday, February 21, 2012 Sterling propped against the U.S. dollar and euro currency movements follow on Tuesday, but the upward momentum is still limited due to the economic outlook is pretty bleak English. European finance ministers agreed akhirnye second bailout package for Greece to prevent the country is exposed to default on an irregular basis next month but the problem of debt burden on the Athena apparently still has not ended. GBPUSD currency pair fell -0.03% to a level of 1.5842, after briefly reaching an intraday highs at 1.5863 level, while the lowest level at 1.5810 area. Resistance appears in the area nearest the trading day in MA200 1.5913 area so far. On the bottom side, a strong support level appears at 1.5645 area. As a whole. Europe's debt situation is not going to limit the pound sterling rose over the area of 1.6000 against the U.S. dollar in the short term. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 22, 2012 Author Report Share Posted February 22, 2012 News and Review of European Economic Zone (UK) Sterling collapsed again, Enter Third Day streak Wednesday, February 22, 2012 Pounds on this day (22:02, 09:19 GMT) further weakened after opening at 1.5789 in early trading (00:00 GMT). The currency has fallen about -29 pips or about - 0.18% and the value of rolling appears to be 1.5760. Monitored market is still awkward in dealing with the decision to bail out Greece, along with a statement of the Bank of England deputy governor Charlie Bean, who argued that the bail out is probably not enough to resolve the problems of the debt crisis. Furthermore, the Bank of England Deputy Governor said that the debt crisis in Europe is the biggest factor that can drag down the British economy, where the export performance and the financial sector is weak and threatened further reduce domestic demand by consumers both domestic and private sectors. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 22, 2012 Author Report Share Posted February 22, 2012 News and Review of European Economic Zone Thin Stock Up on Early European Trading Wednesday, February 22, 2012 European stocks trading on Wednesday (2/22/2012) with the expected bailout of Greece will be effective. FTSE index was up 0.2%, the CAC was up 0.3% and the DAX index rose 0.1%. "Having achieved the progress Greece has two challenges that the market anticipated," said Gillian Edgeworth, an economist at UniCredit. So quoting cnbc.com. Both of these challenges such as the European Union should prove to be able to save Greece and the EU must increase so that the reserve fund in accordance with the IMF. At present, Greece is also being negotiated with the Institute of International Finance of cutting debt to 53.5%. In trading yesterday, the market responded positively after the Dow Jones through the levels of 13,000 for the first time in four years. Although the index moves more volatile. While such positive moves Asian stocks Hang Seng index rose 0.1%, the Nikkei rose 0.9%, 0.6% and Shanghai index ASX index rose 0.04%. In February, China's manufacturing contracted data. It is characterized by the decline in export orders for the European crisis. Wall Street ended mixed on Tuesday trading (21/02/2012). Dow Jones index had touched the level of 13,000 for the first time since May 2008, and rising oil prices pushed the economic outlook. The Dow Jones rose 16.12 points, or 0.12% to as low as 12965.99. S & P 500 index rose 1 point or 0.07% to 1362.23 level. The Nasdaq index fell 3.21 points, or 0.11% to 2948.57 level. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 22, 2012 Author Report Share Posted February 22, 2012 News and Review of European Economic Zone (UK) Coming to The BoE, Sterling Slipping Against Greenback Wednesday, February 22, 2012 Pound weakened against the U.S. dollar, amid uncertainty over whether Greece could menikuti fiscal reform after a second bailout, while investors await the release of the BoE meeting in February. In session Tuesday, European finance ministers endorsed $ 130 billion bailout package for Greece, eliminating the risk of default in March, but worry that occurs is whether the bailout would be enough to solve the financial problems Greece? Pound pressured ahead of the release of the BoE interest rate setting meeting. Policy makers decided to add 50 billion pounds to the central bank's asset purchase program at the beginning of this month, amid fears that economic growth in the UK who were undecided. Sterling tracked touch 1.5759 level during the European morning trading, the lowest level since the currency is February 16; are then consolidated at the level mengalamo 1.5760, slipping 0.11 percent. But the pound is still strong against the euro, only edged down 0.01 percent touched the 0.8385 level. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 23, 2012 Author Report Share Posted February 23, 2012 News and Review of European Economic Zone German business sentiment strong Euro Thursday, February 23, 2012 Continued strengthening of the euro after data hinted at continued economic recovery in Europe's largest. German business sentiment rose to 109.6 for the month of February 2012, higher than the predictions of 108.7 and 108.3 the previous publications. EUR / USD is now trading 1.3323, 1.3231 daily stay away from low level German business world seems to be resolved is confident of its European debt crisis. Greece has got a second bailout package worth? 130 billion bond borrowing costs of Spain and Italy are also declining. "Germany will be among the first countries in Europe who benefit from the return of business confidence," said Aline Schuiling, an economist at ABN Amro. "The fundamentals of the German economy is facing great and serious problems such drastic fiscal austerity policy in other countries." Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 23, 2012 Author Report Share Posted February 23, 2012 News and review European Economic Zone (Germany) German Data Strengthens European Thursday, February 23, 2012 European stocks rose on Thursday (23/02). The results of the German IFO business sentiment data sparked buying. Europe Stoxx 600 Index rose 0.3% to as low as 265.20. Novo Nordisk shares to be excellent with prices up 2.8%. While the worst performer is the Commerzbank AG, which dropped 3.6% after the announcement of the capital increase worth 1 billion euros. Bank has also scored 23% surge in profit in the fourth quarter. Still in Germany, Deutsche Telecom AG fell 1.9% after the release of a decrease in operating profit for 2011 and predicted further decline in profits in 2012. DAX 30 index climbed 0.5% is still able to as low as 6,878.53, led by a slick performance of Allianz SE DE: ALV, which rose 1.3%. The Deutsche Bank AG also rose 1.2%, followed by Bayer AG, which bertambaj 0.8%. Data German IFO business climate rose to 109.6 in February from the previous record month (108.3). Jump in the index was above analysts' expectations. While the French CAC 40 traded 0.4% higher to 3,460.11 level. Support comes from BNP Paribas SA shares FR: BNP (up 1.2%) and Schneider Electric SA (up 1.4%). In London, Royal Bank of Scotland Group PLC soared 4.2% as well be the best performers in the FTSE 100 index. Britain's main index rose 0.3% to its own level of 5,930.88. Quote Link to comment Share on other sites More sharing options...
mynameisandhy Posted February 23, 2012 Author Report Share Posted February 23, 2012 News and Review of European Economic Zone European Stocks flat, burdened banking Thursday, February 23, 2012 European stock markets opened the trading session Thursday with a relatively flat, with a record decline in bank stocks, led by Commerzbank AG shares fell 7 percent after the German Banking announces the results and said it would increase its capital. The Stoxx Europe 600 flat at 264.32 level. French CAC 40 index fell 0.1 percent to a level of 3441.61 and the German DAX 30 index flat at 6848.48 level. Britain's FTSE 100 flat at 5918.87 level. Credit Agricole SA shares fell 3.4 percent and Royal Bank of Scotland Group PLC fell 1.7 percent after the two banks are greater losses. Among other stocks, rose 3 percent after Edenred post the increase in profits and British American Tobacco PLC fell behind the full-year results. Quote Link to comment Share on other sites More sharing options...
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