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Revision history for this page on the wikienMediaWiki 1.13.3Sun, 01 Nov 2026 22:29:44 GMTLezlieRamon645: New page: Stock markets have declined on fears over the state of the US and European economies. In Europe, shares fell after a disappointing Spanish bond sale. German and French shares fell almost ...
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<p>New page: Stock markets have declined on fears over the state of the US and European economies. In Europe, shares fell after a disappointing Spanish bond sale. German and French shares fell almost ...</p>
<p><b>New page</b></p><div>Stock markets have declined on fears over the state of the US and European economies.<br />
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In Europe, shares fell after a disappointing Spanish bond sale. German and French shares fell almost 3%.<br />
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The European Central Bank also said it would not roll back emergency measures to tackle the eurozone debt crisis, adding to investor concerns.<br />
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Wall Street fell 1% after the Federal Reserve signalled that it might not provide more stimulus.<br />
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In the UK, the FTSE 100 closed down 2.5%.<br />
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In Europe, the Spanish government had hoped to sell up to 3.5bn euros ($4.6bn; �2.9bn) of medium-term bonds, but it was only able to find buyers for 2.6bn euros.<br />
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It once again raised concerns about high levels of sovereign debt in several eurozone member states.<br />
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Achilleas Georgolopoulos of Lloyds Banking Group said the Spanish bond sale had been "very disappointing".<br />
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Market sentiment was further weakened by a survey showing continuing weakness in the eurozone services sector.<br />
Continue reading the main story<br />
�Start Quote<br />
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In Europe the economic data is weak and sovereign concerns are flaring up once more�<br />
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Kathleen Brooks Financial website Forex<br />
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No time for ECB 'exit strategy'<br />
Eurozone services sector 'weak'<br />
Irish services employment 'rises'<br />
Fed stays concerned over growth<br />
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Commodities slump<br />
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The price of oil and other benchmark commodities also dropped.<br />
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Light sweet crude fell 2.4% to $101.46 a barrel, while Brent crude fell by $2.17 to $122.69.<br />
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Gold fell 3.3% - to its lowest level since January - and copper dropped 2.8% - send UK-listed miners lower. BHP Billiton fell 3.4% and Rio Tinto dropped 3.8%.<br />
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Investor confidence was affected overnight by the US central bank, the Fed, which indicated on Tuesday that it was not considering a further round of quantitative easing (QE).<br />
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Under QE, a central bank injects new money into the financial system to help boost bank lending.<br />
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Some at the Federal Reserve "perceived a non-negligible risk that improvements in employment could diminish as the year progressed", said the minutes of the March meeting.<br />
Continue reading the main story<br />
Brent Crude Oil Futures $/barrel<br />
Last Updated at 04 Apr 2012, 20:00 GMT *Chart shows local time Brent Crude Oil Future intraday chart<br />
price change %<br />
122.59 -<br />
-2.33<br />
-<br />
-1.87<br />
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Meanwhile, ECB president Mario Draghi warned that the eurozone's economic outlook "remains subject to downside risks".<br />
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He made the comments after the ECB kept eurozone interest rates on hold at 1% for the fifth month in succession.</div>Thu, 05 Apr 2012 10:00:42 GMTLezlieRamon645http://beta.aalf.org/wiki/index.php?title=User_talk:LezlieRamon645