12/30/2008

European shares closed down 15 banks led by stocks

European stock markets slightly lower Monday. As the market worried about a lot of banking companies may be subject to Bernard - Adolf Michael (Bernard Madoff) investment companies implicated in the fraud case, banks generally lower plate, offset by oil producers and mining companies rose positive impact.


Bank stocks were the biggest drag on the index, Ma Duofu as a result of investment fraud on the banking sector as investors worried about the impact that may have been the case for investors 50,000,000,000 U.S. dollars of losses.

Once the stock market rose in early trading, the oil and gas heavyweights strong boost at the same time, the three major U.S. auto manufacturer likely to receive government assistance is also expected to support the market. However, Ma Duofu cases as well as the Federal Reserve may cut interest rates to 16 to 0% of the stock-taking is expected to lead to a rise in early trading.

The Dow Jones Stoxx 600 Index fell 0.4 percent to 197.5 points. UK FTSE 100 index closed down 0.07 percent, to 4277.56 points. French CAC 40 index fell 0.87 percent to 3,185.66 points. German DAX 30 index fell 0.18 percent to 4,654.82 points.

In addition, the United States in November industrial output data also weighed on stocks. The data in the third decline in four months, showing that the U.S. state of the industry is still not optimistic.


Up close, the pan-European Dow Jones 600 index (ST: SXXP) fell 0.4 percent to close at 197.51 points.


Monday all the major European countries in the stock market, the British FTSE 100 index (UK: UKX) down 0.1 percent, to close at 4277.56 points. French CAC-40 (FR: 1804546) index fell 0.9 percent to close at 3185.66 points. German DAX 30 index (DX: 1876534) fell 0.2 percent to close at 4654.82 points.


European stock markets today, the bank board by a great deal of industry news.


Fortis Bank (Fortis) this week and a suspension of trading Tuesday, after a court of the company's shareholders should consult their plan to split. The bank said that with BNP Paribas (BNP Paribas) (FR: 013110) to complete the transaction will not be subject to the above-mentioned decision.


Fortis Bank and BNP Paribas, originally scheduled for this week from the beginning of the transaction.


BNP Paribas shares fell 10.1 percent.

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