Ahead of a meeting this weekend, the International Monetary Fund's bid to boost funds aimed at handling the debt crisis hit a speed bump, when Brazil demanded more power at the IMF for emerging economies as a condition for lending it extra cash.
"If Brazil really digs its heels, I don't think the market will be too kind to it," Markus Huber, Head of German high net worth trading at ETX Capital. "There has to be unity, that's they only way investors think the crisis can be contained."
Euro zone banks, the bigest holder of Europe's sovereign debt, fall 0.5 percent, although France's BNP-PAribas and Societe Generale outperformed thanks to upgrade by BofA Merril Lycnh.
The pan-European FTSEurofirst 300 index fell 0.1 percent, to 1,039.44 points by 0813 GMT, while the euro zone blue-chip Euro STOXX 50 index fell 0.2 percent, at 2,280.67.
For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
European Stocks market
- Stoxx Europe 600 index Forecast 2013
- European Stock Market Forecast 2013
- European stock market and Italian bonds down dec 11 2012
- Europe stock markets advanced october 17 2012
- European stock market will open down october 12 2012
- Mario Draghi ECB Press Conference october 4 2012
- European stock markets higher october 2 2012
- european stock futures down october 1 2012
- European stock market rose september 28 2012
- impact protests in Greece and Spanish on stock market
- Effect Spanish recession on stock market
- European stock market drop 9-26-2012
- European Stock markets september 21 2012
- European stock markets 9/18/2012
- European stock markets lower september 17 2012
- European stock futures down 9/10/2012
- German constitutional court decision prediction
- Euro govt Bonds fall before ECB meeting 9/6/2012
- European stock markets sept 6 2012
- European Stock markets rose september 3 2012
- Eurozone Purchasing Managers PMI report 3 september 2012
- ECB President Mario Draghi will speech at Brussels sept 3 2012
- Europe economic forecast September 2012
- European stocks market august 31 2012
- Expectations ECB will bond buying plan
No comments:
Post a Comment