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Market Concerns &Nbsp; European Stock Index Rose 1.30% On Monday.

2011/10/25 13:01:00 18

Beijing time October 25th morning news, Monday, at the end of Sunday

Summit

After that, euro zone leaders said they had made progress in a plan to restrict the continued spread of sovereign debt crisis. Investors generally expressed concern about this. But the details of the proposed solution have not yet been disclosed, and the market has remained relatively cautious.

European shares

The index closed up 1.30% on Monday.


Pan European Dow Jones

index

Monday closed at 242.03 points, up 1.30%.

European Union leaders said at the end of Sunday's summit that a perfect settlement agreement on regional debt crisis has begun to take shape, but no details have been provided.


In the main regional index, the French CAC 40 index rose 1.55%, closing at 3220.46 points: GLE rose 4.11%; the German DAX 30 index rose 1.41%, closing at 6055.27 points: German Commercial Bank (CBK) rose 3.2%.


European Union leaders said at the end of Sunday's summit that some progress has been made in the discussions, and a perfect solution to the debt crisis will be announced on Wednesday.

It is widely believed that these measures may include a plan to recapitalise the European banking sector, a solution to the Greek debt burden and the expansion of the eurozone assistance fund, namely the European financial stability fund.


Angus Campbell, a sales manager of the capital interest rate company of the securities company, pointed out that the debt crisis "is surely the main concern of the moment, and investors are still waiting for the outcome of discussions among European leaders". Angus Campbell,

On the other hand, investors are also concerned about the earlier eurozone economic data: the euro area composite purchasing managers index fell to 47.2 at the beginning of October, indicating the second consecutive month of contraction in the private sector, and the fastest decline since July 2009.


Angus Campbell pointed out in today's report that "the data in Europe today are rather unfavourable.

Everyone is talking about the possibility that Europe will fall into recession again, and this possibility is still increasing. "

He stressed that no matter how the situation is, a comprehensive solution to regional crises can increase market confidence.


Greece's ASE composite index fell 4.5% to 747.08 on Monday: Piraeus Bank (TPEIR) fell 22.15%, Alfa Bank (ALPHA) fell 19.14%, and Greek National Bank (ETE) fell 20.79%.

There were unconfirmed reports on Monday that the holders of Greek government bonds could face up to 60% of the losses.

This is much higher than the 21% loss reached in the second round of Greek aid agreement in July.


The Italy financial times MIB index first fell and then rose, eventually rising 0.7% to 16232.26 points.

Italy's prime minister BRUZZI Keni announced that he would convene a special cabinet meeting later that day.

Reports say Italy was under pressure from other euro zone countries at Sunday's summit to ask the government to take more measures to speed up economic growth and reduce the debt burden.


The FTSE 100 index rose 1.08% to 5548.06.

China's data show that the expansion of the manufacturing sector in October led to the rally of mining stocks on that day: Chile's Antofagasta (ANTO) and Kazakhstan Metals Group (KAZ) rose 7.48% and 8% respectively, and Rio Tinto Group (RIO) rose 7.06%.


In other companies, Germany's steelmaker KCO rose 7.7%, while infrastructure materials firm HEI rose 6% and MT, MT, rose 5.5%.


In the financial sector, BARC and LLOY increased by 2.6% and 5.26% respectively, while auto parts suppliers, EO, rose 12.31%, while Holland navigation equipment TomTom (TOM2) announced a restructuring plan, with a 18.61% increase in share price. Lloyd said.


Swiss bio pharmaceuticals Nobel biochemical Holdings (NOBN) has been sold to buy a dental implant supplier and its share price has risen by 14.43%. NOKIA, NOKIA, a mobile device maker, has gained the target share price of Deutsche Bank, rising 3.82% on Monday.


 
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