Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


19.03.2013 10:35

European stock indices fell

European stocks fell for a third day before Cypriot lawmakers meet to discuss a 5.8 billion-euro ($7.5 billion) bank-deposit levy needed to win a bailout. U.S. index futures were little changed and Asian shares climbed.

The Stoxx Europe 600 Index (SXXP) fell 0.4 percent to 295.5 at 9:50 a.m. in London, trimming this year’s advance to 5.7 percent

Cypriot lawmakers will meet at 6 p.m. local time to debate how to spread the proposed tax on bank deposits among account holders. Parliament may not vote today, according to Defense Minister Fotis Fotiou. The levy, announced March 16, sparked outrage in the island nation and concern among investors about setting a precedent by breaking the taboo against raiding bank accounts. Banks and stock markets in Cyprus are closed today and tomorrow. The levy initially called for a tax of 6.75 percent of all deposits up to 100,000 euros and 9.9 percent above that. Cyprus could meet its target by imposing a 15.6 percent charge on deposits of more than 100,000 euros and no fee below that amount, a

Rio Tinto, the world’s second-biggest mining company, retreated 4.5 percent to 3,131.5 pence, the lowest since Dec. 4. Goldman Sachs downgraded its rating on the stock to conviction sell from neutral, saying it estimates earnings declines for the commodity producer after cutting iron ore price forecasts for the next three years on oversupply.

ThyssenKrupp plunged 6.2 percent to 17.23 euros, the biggest retreat since May 2012. Germany’s largest steelmaker is preparing to sell more than 1 billion euros of shares to increase its capital, Handelsblatt reported, citing unidentified people close to the company. ThyssenKrupp decline to comment, the newspaper said.

Richemont declined 3.3 percent to 76.90 Swiss francs, its biggest drop since Jan. 21. Goldman Sachs managed the sale of about 7 million Richemont shares for 77 francs each, according to two people familiar with the deal.

ARM Holdings Plc dropped 2.3 percent to 899 pence after saying Chief Executive Officer Warren East will retire in July after nearly 12 years in the role.

To date:

FTSE 100 6,442.3 -15.62 -0.24%

CAC 40 3,803.55 -21.92 -0.57%

DAX 7,971.2 -39.50 -0.49%

19.03.2013 12:00

Orders

Market Focus

  • The eurozone started the third quarter on a solid footing, according to PMI survey data
  • Earnings Season in U.S.: Major Reports of the Week
  • German private sector output growth slowed for the second month running in July
  • ECB's Mersch says as conditions normalise, it is unlikely that uncoventional policies will remain necessary
July 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