European stocks fall 3rd day in a row on the statements of Obama”s reform finsektora

Written by admin on February 17th, 2010

Trading on European stock markets end with the fall on Friday following the decline in the U.S. and Asia. This occurs after the U.S. president Barack Obama has proposed to limit the size of financial institutions in the country and the volume of their trading operations, reported Bloomberg.

composite index of the largest companies in the region Dow Jones Stoxx 600 fell from the open market by 1,8%, the fall of the indicator has been going on the third consecutive bid. Shares of all 19 major industry groups are becoming cheaper in the course of trading on Friday. The fall of the index last week at the 3.2% growth in graded index since the beginning of this year.

fall recorded in all 18 major trading areas in Western Europe.

U.S. President proposes to limit the size of financial institutions in the country and the volume of their trade, believing that these measures will limit the risks assumed by banks. Initiative Barack Obama has caused a sharp decline in shares of the largest banks in the U.S. and contributed to the growth of negative sentiment among investors.

"The collapse of stock markets on both sides of the Atlantic will force investors to think seriously about this weekend - says CMC Markets analyst Michael Hewson. - Nervous investors rush to withdraw due to a double strike on the market: fears of tighter monetary control in China Obama"s determination to settle accounts with the banks.

Share Price Deutsche Bank fell 5.8%, the Swiss UBS - by 5,2%, the British Barclays - by 6,1%.

depreciation of securities of the banking sector was the highest among all industry groups, podyndeks this sector collapsed 3,7%.

Cost

securities of the operator of the London Stock Exchange LSE fell by 6%, Deutsche Boerse - on 4,9%.

market value of ICAP Plc, the world"s largest broker of transactions between banks, fell by 6,7%.

index of the largest enterprises in Europe Dow Jones Euro Stoxx 50 to 19:25 IST on Friday fell 27.93 points (0.98%) - up to 2,835.32 points.

British FTSE 100 fell to 29.5 points (0.55%), amounting to 5,305.6 points.

French CAC 40 index lost 41.26 points (1.07%) and amounted to 3,820.9 points.

value

germanskogo DAX fell by 55.59 points (0.97%) - up to 5,691.38 points.

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