Market news
13.12.2012, 11:00

European stocks down

In the red zone traded major stock indexes in Europe. The reason for this statement by Fed Chairman Ben Bernanke that the "fiscal cliff" is harmful to the U.S. economy, he said the lack of progress in the negotiations between the administration of President Barack Obama and Republicans in the House of Representatives has a negative impact on the level of confidence of consumers and entrepreneurs, which leads to reduce investment.

In addition to this according to the U.S. Department of Treasury's budget deficit in November was $ 172 billion that significantly worse than expected.

Failed to have a positive impact on investor sentiment fact of the ECB's supervisory powers over banks in the eurozone. The new rules should enter into force by the end of 2013., But the implementation of the program may be postponed to a later date.

FTSE 100 5,930.97 -14.88 -0.25%

CAC 40 3,638.03 -8.63 -0.24%

DAX 7,570.37 -44.42 -0.58%

Renault SA shares rose 2.5%. French carmaker sold all his property remained in the package of 6.5% of Volvo AB for $ 1.92 billion, the paper which have dropped in price by 3.1%.

Centamin plc capitalization has fallen by 57.1% on news that the mining company has suspended production of gold in Egypt.


 

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