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Thursday, 27 August, virtually all European stock markets have shown negative dynamics due to the fact that the number of problematic banks in the United States reached a maximum of fifteen, and the data on the U.S. labor market were worse than analysts' forecasts.
The key results of the auctions the UK FTSE 100 index dropped by 2.57%, French CAC 40 was closed in a minus on 3,04%, while the German DAX lowered from its asset 3,02%. Regional Dow Stoxx 600 index fell 2.78% and closed at a level of 202.48 points.
Number of primary applications for unemployment benefits fell in the United States last week to 10 thousand people and has reached 570 thousand, while the expected decrease to 565 thousand
number of problem banks in the U.S. grew in the second quarter of this year to 416 in connection with losses incurred in the banking sector. FDIC (Federal Deposit Insurance Corporation) has reported that the increased costs associated with the growth of bad loans and falling asset values, the losses of the banking sector reached $ 3.7 billion
Diageo shares fell 4.4% in trading in London after the world's largest producer of alcoholic drinks reported that the growth of its operating profit in 2010 fiscal year, much slower, because the prospects for reviving the global economy remain murky.
Paper Credit Agricole rose 3.9% due to the fact that the profit of the third by market value in France, the Bank of the second quarter rose more than 2 times. According to the report Credit Agricole, net profit reached 201 million euros ($ 286 million) due to reduction of losses in the investment banking division. For comparison, last year the figure was 76 million euros.
Quotations
its rival Natixis rose by 14% after Citigroup analysts raised their recommendations on the securities the bank to sell to hold. Click to continue »