Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


23.07.2012 10:33

European stocks fell

 

European stocks had the biggest two- day drop since April as concern grew that Greece will default and more Spanish regions will follow Valencia in seeking a bailout.

The troika of Greece’s international creditors -- the European Commission, the European Central Bank and the International Monetary Fund -- will arrive in Athens tomorrow amid doubts that the country will meet its bailout commitments. German Vice Chancellor Philipp Roesler said he’s “very skeptical” European leaders will be able to rescue Greece.

The IMF will stop paying further rescue aid to Greece, making the country’s insolvency in September more likely, Der Spiegel magazine reported yesterday, citing unidentified European Union officials.

Spain’s Balearic Islands and Catalonia are among six Spanish regions that may ask for aid from the central government after Valencia sought a bailout on July 20, El Pais reported, without citing anyone. Castilla-La-Mancha, Murcia, the Canary Islands and possibly Andalusia are also having difficulty funding themselves and some of these regions are studying plans to access the recently created emergency-loan fund that Valencia said it would use last week, the newspaper said.

A gauge of banks in the Stoxx 600 fell 3.1 percent, for the biggest drop among 19 industry groups. BNP Paribas, France’s biggest lender, slid 4.7 percent to 27.18 euros. Banco Santander SA declined 3.4 percent to 4.05 euros, extending last week’s 10 percent plunge. Bankia SA lost 7.9 percent to 57 euro cents.

BHP Billiton fell 3.3 percent to 1,757.5 pence. Petropavlovsk Plc, a producer of gold in Russia, retreated 4.5 percent to 382.5 pence. Lonmin Plc, the third- biggest platinum producer, sank 4.2 percent 678 pence.

Philips climbed 7.6 percent to 17.45 euros. The company reported an increase in second-quarter profit as Chief Executive Officer Frans van Houten extends a savings program into a second year. Earnings before interest, taxes, amortization and other one-time items rose to 450 million euros compared with 371 million euros a year earlier, the company said.

FTSE 100 5,559.19 -92.58 -1.64%        

CAC 40 3,128.32    -65.57 -2.05%        

DAX 6,519.27         -110.75 -1.67%          

 

23.07.2012 10:49

Tech on EUR/USD

Market Focus

  • Donald J. Trump was inaugurated as the 45th president of the United States
  • Canada: Retail Sales, m/m, November 0.2% (forecast 0.5%)
  • U.S.: Nonfarm Payrolls, January 227 (forecast 175)
  • Eurozone: Consumer Confidence, January -4.9
March 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2017 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page