Falling stock markets across Europe, together with those of Asia and America. But do not be fooled, the numbers are far more negative than it appears at first sight. The bags are literally dragged down by poor performance of banks. Read this article from the "Sole 24" watch the related securities to European banks ...
Europe in freefall to the bottom driven by the decline on Wall Street. Paris gives 4.21%, 3.63% and Frankfurt, London, 3.25 per cent. In Milan, the NASDAQ is the S & P / Mib back from 4.17% and 4.49 per cent.
Shortly after the opening session of the worse indexes of the New York Stock Exchange: The Nasdaq composite lost - to the 16 Italian time - the 3.66% at 2103.35 points, the Dow Jones -2.57% to 10,856 marks, 32 points and the S & P 500 Index -3.19% at 1174.27 points.
The release of 120 billion euro in the markets by the ECB and the nationalization of Bradford & Bingley in the UK and Fortis in Belgium have failed to calm markets shaken by the difficulties of Dexia and Hypo Re and uncertainties effectiveness of the U.S. bailout plan of 700 billion euro. Does not even help the U.S. macro data released the same day, confirming the difficulties the U.S. economy.
The main list on the Milan stock continue to suffer all the financials: Uncredit, Tenaris, Impregilo and Monte Paschi were suspended downward. Heavy losses for BPM (-5.9%), Unipol (-5.7%), Mediolanum (-5.2%), Fonsai (-5%) and Banco Popolare (-4.6%). Sales also heavy on Silk (-6.3%) and Saipem (-5.9%). On the list are heavy on general sales Stefanel (-9.5%), IPI (-8.9%), Azimut (-7.5%), Benetton (-7.5%) and Ifil (-7.4 %). Stands out, however, the rally of Lazio (+16.3%) after the first post of yesterday in the football league Serie A
Europe worse: Paris loses more than 3 percent
The French CAC40 lost 3.14%, the Dax in Germany 2.60%, in Britain 2.79 percent on the FTSE100. In Paris, the thud of Dexia dragged down the sector, Credit Agricole 8 loses, 99%, the 5.73% Societe Generale, BNP Paribas 3.62%. Alstom is also in sharp decline (-8.16%) and ArcelorMittal (-7.23%), in the wake of the collapse in demand for raw materials due to the global crisis. They keep Danone (+0.91%) and Pernod Ricard (+0.23%).
In Frankfurt the collapse of Hypo Real Estate Bank drags Aareal (-36.92%), Commerzbank (-17.21%), Deutsche Ppstbank (-14.52%), Deutsche Bank (-7.23%) and Allianz (-6.98%), with declines in excess of 7 percent. Are Thyssenkrupp also heavy downward (-6.95%) and Infineon (-7.26%). In sharp contrast Volkswagen (+7.76%), after its subsidiary Audi has announced a goal of 100 thousand cars sold in the United States despite more crisidel market.
heavy
Financial in London, where in there falls head to Royal Bank of Scotland (-16.73%), followed by HBOS (-9.645%), Lloyds (-9.56%) and Barclays (-8 , 46%). Too bad the raw materials with Xstrata (-14.49%), Eurasian (-10.55%) and Rio Tinto (-7.04%) in the head after the crash of the application in the field, but also sinks British Airways (- 7.76%). Instead Fly Thomas Cook (+4.44%) after a positive relationship on the activities of the group.
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