123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

European Markets Overview - August 19th 2013 - Markets Slide As Fed Worries Grow

By Author: Harver Group
Total Articles: 26

Aug. 20, 2013 - CHUO-KU, Japan -- The Stoxx Europe 600 Index lost 0.5% to finish at 304.77, negating Friday´s gain. Upbeat news from Europe, including data showing that Europe had emerged from the recession in the second quarter help to boost the markets last week. But on Monday, there were few catalysts to help drive the market and instead investors worried about how soon the United States Federal Reserve will taper its asset purchasing program. According to Analysts at Harver Group, recent data showing unemployment has declined and retail sales have improved suggests that Fed tapering could begin as early as September.

Most countries´ indices were down. In London the FTSE 100 index lost half a percentage point, France´s CAC 40 index fell a full point and in Germany the DAX 30 Index decline 0.3%. The Italian FTSE MIB Index dropped 2.5% as the yield on 10 year government bond spiked 4.27%. The drop followed reports from local newspapers that former Prime Minister Silvio Berlusconi threatened to topple the government if he is removed from the Senate.

Italian banks suffered from the news, Unaccredited Spa dropped 5.2%, Intesa Sanpaolo Spa finished 4.1% lower, and Banco Popular SC fell 4.5%. Other banks in the Euro Zone also fared poorly, Deutsche Bank AG lost 1.1% in Germany. Spanish Banco Santander SA gave up 2.9% and French Société Générale SA fell 2.6%. British banks also performed poorly on Monday, HSBC Holdings PLC lost 1.1% and Lloyds Banking Group PLC declined 1.8%.

Vodafone Group PLC also fell 1.3% in The UK, after news broke that the firm paid British Tax authorities to end a dispute over a subsidiary in Ireland.

Total Views: 90Word Count: 275See All articles From Author

Business Articles

1. Low Deposit Home Loans Are Great For Those Who Search For Cheap Home Loans!
Author: Mc Cutcheon

2. Anti-theft Siren Alarm Padlocks For Your Potential Security Problems
Author: KINBARLOCK

3. What Are The Benefits Of Using Stainless Steel Fasteners In Various Industries?
Author: Sidharth Jain

4. Factors Affecting The Working Efficiency Of The Hex Nuts And Bolts
Author: Sidharth Jain

5. Reasons For Galvanic Corrosion Of A Hex Bolt And Its Prevention
Author: Sidharth Jain

6. Pharmaceutical Manufacturers|healthcare Products Manufacturers
Author: ichapps

7. All You Need To Know About Machine Screws
Author: Sidharth Jain

8. Amazing Benefits Of Having Custom Granny Flats
Author: James Raad

9. Guide To Buying Your Diamond Engagment/wedding Ring
Author: Alexander Pearce

10. Optik Pdx - Portland Eye Center Worth Your Time And Money
Author: davudobuya55

11. Ways To Get Personal Loan At Best Interest Rates
Author: IndiaLoanBazaar

12. Opportunities For The Global Structural Heart Device Market To Reach $9.7 Billion By 2022
Author: Roy Almaguer

13. What Comes After Perfection!
Author: Shalu Kansal

14. Big Data Simplified In The Easy Way
Author: Rimpy Sharma

15. Residential Real Estate Agent Dana Point Ca And Finding A Reliable Agent
Author: jonny smith


Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: