The CAC 40 to drop off again, the sovereign risk returns
The Paris Bourse is distributed downward and fell below 3,600 points on Thursday mid-morning, the fears surrounding the sovereign debt of the euro area resurfacing and penalizing bank stocks.
In addition there are comments from the Federal Reserve of the United States, acknowledged Wednesday that a U.S. economic recovery faltering.
A significant gap between the yields (spreads) of debt Greek and German revived fears about the euro area.
The CAC 40 index, which opened in rebounding, losing 1.17% to 3599.27 points at 10:55, the next support lying at 3580.
BNP Paribas (-4.19%), Societe Generale (-3.01%), Dexia (-2.73%) and Credit Agricole (-3.05%) recorded the largest declines the CAC 40.
"The market fell because of Greece, the spreads diverge. It's affecting the banks," said a vendor.
Other major European markets have also turned down.
Raoul Sachs, edited by Dominique Reynolds
Published on 24 Jun 2010 in connection, information, management, plans, success, by admin
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