Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

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



03.07.2013 10:30

European stock indices fell

European stocks dropped the most in more than a week as Portugal's coalition government splintered and crude oil surged above $100 a barrel amid rising unrest in Egypt. Asian shares and U.S. index futures also declined.

The Stoxx Europe 600 Index (SXXP) lost 1.2 percent to 283.8 at 9:57 a.m. in London, extending the retreat from its 2013 high on May 22 to 8.6 percent. Portugal's benchmark PSI-20 Index plunged 7 percent, the most since October 2008. The MSCI Asia Pacific Index slumped 1 percent and S&P 500 Index futures slid 0.6 percent, after the benchmark gauge closed lower yesterday.

The Stoxx 600 (SXXP) slid 0.4 percent yesterday after a report showed U.K. construction expanded less than forecast. Asian stocks fell today as China's services-industry growth slowed in June. Data from the ADP Research Institute at 8:15 a.m. New York time may show U.S. companies hired more workers last month.

Espirito Santo, Portugal's biggest bank by market capitalization, tumbled 12 percent to 53.8 euro cents, its biggest drop since April 2012. Comercial Portugues plunged 15 percent to 7.9 euro cents, the most since June 2012. The country's bonds slumped, pushing the 10-year yield above 8 percent, as two ministers resigned amid austerity fatigue.

Prime Minister Pedro Passos Coelho said in a televised speech yesterday he's trying to hold his government together after losing both his finance minister and his foreign minister.

Secretary of State for Treasury Maria Luis Albuquerque replaced Vitor Gaspar at the Ministry of Finance. That prompted Paulo Portas, who leads the smaller CDS party in the coalition government, to quit, saying the new minister would offer "mere continuity" of the country's deficit-cutting plans.

Banks in Europe fell as Standard & Poor's cut long-term counterparty credit ratings for Barclays and Deutsche Bank to A from A+. Credit Suisse Group was lowered to A- from A.

Barclays declined 3.8 percent to 272.4 pence, Deutsche Bank dropped 3.5 percent to 30.80 euros and Credit Suisse slid 2.9 percent to 24.96 Swiss francs.

FTSE 100 6,206.67 -97.27 -1.54%

CAC 40 3,683.17 -59.40 -1.59%

DAX 7,788.61 -122.16 -1.54%

03.07.2013 11:45

Orders

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