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: 96Word Count: 275See All articles From Author

Business Articles

1. What Kind Of Business Web Hosting Do You Need?
Author: Ozzietel

2. Live Chat Agent Training Solutions For Your Company
Author: Brian Miller

3. The Importance Of Live Chat Conversation Data
Author: Brian Miller

4. Live Chat Can Increase Sales With The Help Of Ai
Author: Brian Miller

5. What To Expect From A Machine Learning Engineer In Venice, Ca
Author: Brian Miller

6. Is It Time To Benefit From Live Chat Agent Training Solutions?
Author: Brian Miller

7. Top Reasons To Invest In Enterprise Artificial Intelligence Solutions
Author: Brian Miller

8. Live Chat Can Increase Sales – How?
Author: Brian Miller

9. Advantages Offered By The Best Live Chat Agent Training Solutions
Author: Brian Miller

10. Buy Aromatherapy Products Online
Author: romyfernandis12

11. What Else Can I Do To Make My Deck Last Longer?
Author: Blue Star Carpentry has been specializing in custom decks for over a decade. When you sit outside wi

12. Colour Business Cards To Make The Business Elegant
Author: Vikram Kumar

13. Don’t Go Cheap On Marketing Materials, Hire The Best Professional Folder Printing Services
Author: Vikram Kumar

14. Represent Your Company With Style By Handing Silk Laminated Business Cards
Author: Vikram Kumar

15. Opt For Business Card Printing Using Advanced Offset Technology
Author: Vikram Kumar

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