On Monday, June 8, the stock markets of countries in the region closed in negative zone. As a result, the three-month rally investor doubts about the justification for such a high rate of growth of profit margin in the value of the shares. In addition, the international rating agency Standard Poor's the second time in the past three months, reduced the credit rating of Ireland against the backdrop of the cost of rebuilding the country's banking system. According to the report the agency, the rating was downgraded to AA from AA with negative perspectives, reflecting that the further lowering of the rating is more likely than the increase or leaving unchanged. The drop in metal prices led to a reduction in value of the shares of mining companies.
As a result of trades German index DAX, despite better than expected data about the volume of industrial orders in Germany in April, fell to 1.42%. Regional Dow Jones Stoxx 600 closed 0.7% lower than at the previous value. French CAC 40 lost 1.48%, and the British FTSE 100 fell by 0,75%.
Shares of British mining company Anglo American fell by 4.58% against the backdrop of the reduction of the cost of basic metals, including copper, lead and nickel, the London Metal Exchange. Quotations British-Australian Rio Tinto Group fell by 2.53%.
Papers European airlines also suffered losses as a result, the International Air Transport about the possibility of reducing sales by 15% this year. In addition, Air France said the possible problems with the speed sensors, which are likely to have caused the crash last week. Thus, the market capitalization of the region's largest airline Air France fell to 3.41%. Shares in British Airways retreated 3.67%. Quotations largest European discount carrier Ryanair Holdings fell by 3.86%.
The financial sector is largely resisted the general trend. Paper Lloyds cheaper at 7.7%. The reason was the forced sale of shares in the bank at a price of 60 pence for each of the failure of the acquisition of existing investors. Quotations Barclays fell by 0.44%. The third-largest bank and the UK said that negotiates for the sale of the asset management, as well as the company has received offers to buy iShares units Barclays Global Investors. Shares in UBS retreated 1.13%. According to unofficial information, the Swiss bank is negotiating with the government over the return of previously provided assistance in the amount of 6 billion francs ($ 5.5 billion).
The market capitalization of the world's largest music company Vivendi declined to 4.47%, after UBS lowered its stock rating to neutral to sell on a background of concerns about the reduction in profits resulting from the SFR unit competition.
Arcandor Shares collapsed at 43.62%. German retailer said the possible filing of documents in bankruptcy if the government fails us for assistance.
Paper H. Lundbeck weakened to 16.46% after reporting a Danish manufacturer of medical products and Takeda Pharmaceutical to delay deliveries of experimental depressant in the United States for a period of 18 to 24 months, until a most safe dose.
The values of major indices at the closing are shown in the table:
| Index | Country | Closing (items) | Change day (items) | Changing the day (%) | Value at beginning of year (the last closing in 2008) | Change from the beginning of the year |
|---|---|---|---|---|---|---|
| ATX | Austria | 2,117.52 | -28.06 | -1.31% | 1750.83 | 20.94% |
| BEL20 Index | Belgium | 2,046.17 | -25.22 | -1.22% | 1908.64 | 7.21% |
| FTSE 100 | United Kingdom | 4,405.22 | -33.34 | -0.75 % | 4434.17 | -0.65% |
| DAX Index | Germany | 5,004.72 | -72.31 | -1.42% | 4810.20 | 4.04% |
| IBEX 35 INDEX | Spain | 9,396.20 | -122.8 | -1.29% | 9195.80 | 2.18% |
| FTSE MIB | Italy | 19,889.60 | -280.48 | -1.39% | 20064 | -0.87% |
| AEX | Netherlands | 262.39 | -4.54 | -1.70% | 245.94 | 6.69% |
| OMX Nordic 40 | Scandinavia | 697.50 | -2.47 | -0.35% | 625.8 | 11.46% |
| CAC 40 | France | 3,289.66 | -49.39 | -1.48% | 3217.97 | 2.23% |
| SMI | Switzerland | 5,391.72 | -7.18 | -0.13% | 5534.53 | -2.58% |
Week on the world stage: reboot with the Arab world and in European Parliament elections
Asia: correction with mixed feelings
Overview of the foreign exchange market for 09.06.2009
Latin America: Not all markets entered comments Krugman
United States: pessimists barely outweighed optimists
Asia: the quest for the fair value of shares and a fall in oil prices indices painted red
Overview of the foreign exchange market 08.06.2009
Latin America: the expectations of changes in interest rates weakened the markets of Brazil and Mexico consolidated Indexes
United States: employment has fallen, take fewer …