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: 119Word Count: 275See All articles From Author

Business Articles

1. Why Video Transfers Have Become So Essential At Present?
Author: alphadvdcreations

2. Video Transfer Method To Keepyourfavourites For Life
Author: alphadvdcreations

3. How Compact Lube Trucks Can Increase Industrial Maintenance Capabilities
Author: Scott Lee

4. 5 Tips To Get Your Construction Business Visible In Canada
Author: Rick Greoneveld

5. Why Retailers Need Ecommerce Product Catalog Management?
Author: Liza Zeimer

6. Cutlery For Wedding Should Have A Smooth Reflection And Smooth Edges!
Author: Dean Lance

7. Htc Screen Repair And Replacement In Uk
Author: Rosie Grace

8. Cutlery For Wedding Made From Copper Is Always Safe On The Use!
Author: Dean Lance

9. Floor Lamps South Africa Is Safe And Extremely Beneficial On The Use!
Author: Dean Lance

10. Stem Floor Lamp Is Designed To Produce Perfect Accent Of Lighting For Your Home!
Author: Dean Lance

11. To Be Appropriate For Benefiting Instant Cash For Me
Author: Jack martin

12. Opportunities For The Global Waterproofing Admixture Market To Reach $4.5 Billion By 2023
Author: Lucintel

13. Money Loan Specialist Carries On In A Positive Sense And Answers
Author: Alex Mighty

14. How To Increase Sales By Using Just One Word
Author: Ian Marsh

15. Xbox Game Console Repair Services In Uk
Author: Rosie Grace

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