Author: EDGAR SU | Reuters
The day started with widespread declines in Europe
The Spanish Stock Exchange The week started downhill with losses of 0.58%on a day of widespread declines in Europe, in which the market will analyze the purchase of Credit Suisse by UBS and the coordinated action of the main central banks to ensure the liquidity of the system.
At the beginning of the day, solemn in some communities in Spain, the Ibex 35, the main national indicator, leaves that 0.58%, up to 8665.50 points, according to Efe. Annual earnings fell to 5.3%.
Also, the day started with Brentbenchmark crude in Europe, which fell sharply, 2.69%, to $71.02, while futures on Wall Street’s main indicators forecast losses of more than 1% this Monday, now awaiting the meeting of the Federal Reserve (Fed) this Wednesday.
Major Asian stock markets recorded losses on Monday. Thus, the main index of the Hong Kong market, Hang Seng, fell 654.09 points, or 3.35%; and the Nikkei, on the Tokyo Stock Exchange, fell 1.42%, with declines in Japan’s three major banks.
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
