Drop of the European markets
After slow increase this morning, due to petrol companies and banks, the European stock exchanges realized some drop, after the increase of the index of productional prices in Germany of 6.0% on yearly base, while the previous month the increase was just 5.2%. This is thre largest jump for the previous 2 years and the result is because of the increase of the prices of enery most of all.In Switzerland the inflation preassure also is getting harder, and today the report for the index of the productional and import prices showed increase with 3.9% on yearly base. Other factor, which will hit the prices in Europe is the predictions, that the growing of the economy of France this year will be only 1.6%, which will be the slowest development for the last 5 years.
The decrease of the price of Gold and Copper because of the problems on the Chinese market reflected negatively to the shares of the minning companies and hurt hardly the market on the Island, in the same time the crude oil started to bring back the possitions after yeasterday's drop, provocated by increase of the prices of fuel in China.
Labels: Financial News
posted by Zoritza Petrova @ 5:46 AM
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