Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities



26.09.2012 10:16

European stocks slid the most in a week

 

 

European stocks slid the most in a week after Federal Reserve Bank of Philadelphia President Charles Plosser said that the third round of bond buying may fail to stimulate growth or hiring.

Plosser said yesterday after the close of European trading that the Fed’s latest round of quantitative easing may jeopardize the central bank’s credibility.

In addition, the tension in the markets related to the situation in Spain. Thus, the Spanish provinces continue to require financial assistance from the government in Madrid, which could lead to the need for more international aid to Spain, and early elections. The government is considering the possibility of Andalusia ask Madrid financial support of almost 5 billion euros. Catalonia, Valencia and Murcia have already asked for help to Madrid. Catalan President Artur Mas has already appointed on November 25, early elections that could turn into a referendum on more autonomy for the province. Spanish Prime Minister Mariano Rajoy has rejected demands Catalonia give her a more substantial tax autonomy. Also tomorrow, the government of Spain Prime Minister Mariano Raho intends to submit a draft budget for 2013, and all of the market's attention is now focused on the news again, which could indicate the possible development of events related to the debt crisis in the eurozone.

Recall that in July M.Rahoy presented the package of austerity measures, in which the tax increase was combined with a reduction in salaries in the public sector and payments provided for by benefits. As a result of these measures the Spanish budget deficit of 2.5 years, is scheduled to drop to a level of 65 billion euros. Spain intends to reduce its budget deficit to 4.5% of GDP in 2013 to 6.3% in the current year.

Anglo American Plc lost 2.5 percent, contributing the most to a decline by a gauge of mining companies, after saying that it plans to reduce its production of coal.

BHP Billiton Ltd. and Rio Tinto Group retreated 1.6 percent and 2 percent, respectively, as metal prices dropped.

FTSE 100 5,794.6 -65.11 -1.11%

CAC 40 3,444.16 -69.65 -1.98%

DAX 7,310.33 -114.78 -1.55%

 

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