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European Shares Slumped &Nbsp On Friday, And Greece'S Stock Market Plunged 4%.

2011/9/3 11:13:00 35

European Stocks Slump Greece'S Stock Market On Friday

Saturday morning, Beijing time, Europe

equity market

On Friday, the US fell sharply in August. The US report on non farm payrolls was disappointing, and investors continued to worry about the Greek debt problem.

Deutsche Bank declined due to the prosecution of some banks in the United States.


Pan European Dow Jones Stoxx600 index fell 3%, to close at 231.88 points.

The US Labor Department reported that the number of non-agricultural employment grew by zero in August, and the unemployment rate remained at 9.1%.

Economists surveyed by MarketWatch had expected a 53 thousand increase in non farm employment last month.


Deutsche Bank fell 5.9%, Germany's DAX 30 index fell 3.36%, closing at 5538.33 points.


According to the New York Times, the Federal Housing Finance Agency plans to prosecute dozens of banks, including Deutsche Bank, because they do not speak to customers about the quality of mortgage securities.

Deutsche Bank, the only European bank to be named, has reported that it will be similar to the previous lawsuit against UBS.

A spokesman for Deutsche Bank said it could not comment because it had not received charges.


Other bank shares also declined sharply, and the Greek government and creditors of various countries failed to agree on the Greek deficit reduction target.


Credit Agricole Bank fell 7.4%, Spain's National Bank fell 4.8%, and Piraeus Bank fell 6.3%.


  

Greece

ASE composite index [1979.93 -1.02%] fell 4%, closing at 891.93 points.


The European Commission, the European Central Bank and the International Monetary Fund said in a statement that the joint working group will return to Greece in mid September, when the Greek government will complete its technical work on the 2012 budget.


The shadow of the sovereign debt crisis has put pressure on the euro.

The Swiss Franc function is popular, and the euro has fallen by 1.4% to the Swiss franc, to 1.1183 Swiss francs.


  

Swiss Franc

The strength in the second quarter brought a blow to Swiss Corporation's performance, and the Swiss Franc Friday brought pressure on the Swiss stock market.

The Swiss SMI index fell 3.1%, closing at 5359.67 points.

Baosheng Bank of Switzerland fell 5%.


AstraZeneca, a pharmaceutical manufacturer, fell 3.7% in London. The company said its Crestor drug in its research and development failed to show a statistically significant effect in clinical trials.

The FTSE 100 index fell 2.3%, closing at 5292.03 points.


Oil shares fell across the board and crude oil futures plummeted on Friday as investors were uneasy about the global economic outlook.


British Petroleum has fallen by 3.6%.

Harry Burton said he had lodged a claim against BP for the oil spill in the Gulf of Mexico in April 2010 in Dezhou.


Cyclical, such as automobile and technology plate decline.

Peugeot Citroen fell 6%, dragging down the French CAC40 index by 3.6%, closing at 3148.53 points.


NOKIA, a mobile phone maker, dropped 6.1%, while Holland satellite navigation TomTom dropped 6.5%.


 
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