- Analytics
- News and Tools
- Market News
- European stocks dropped
European stocks dropped
European stocks dropped as Germany and France disagreed on when to introduce a banking union for the 17-nation single currency.
German Chancellor Angela Merkel rejected French President Francois Hollande’s appeal to activate oversight of the banking union “the earlier, the better.” Deadlock over regulation may delay into next year a key building block in resolving the single currency’s debt crisis.
Speaking at a meeting on Sept. 22 near Ludwigsburg, Germany, Merkel said that the proposed banking union “has to be thorough, the quality has to be good and then we’ll see how long it takes.”
Anglo American retreated 2.6 percent to 1,888 pence after Bank of America Corp. downgraded the commodity producer to neutral from buy.
Rio Tinto Group, the world’s third-largest mining company, dropped 1.3 percent to 3,002 pence as copper fell, following its first weekly drop in three on the London Metal Exchange.
Syngenta AG gained 0.9 percent to 347.10 Swiss francs after the world’s largest agrochemicals company increased its target for sales in 2020 by $3 billion as it accelerates the introduction of new technology and benefits from a reorganization.
FTSE 100 5,819.68 -32.94 -0.56%
CAC 40 3,486.32 -44.40 -1.26%
DAX 7,402.45 -49.17 -0.66%
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
