The Ibex 35 closed higher Wednesday with a drop to 4.5 percent before the renewed weakness of banks by fears of higher provisioning for dealing with depreciation of assets and the concern to a sharp economic slowdown in the U.S. and a scene of sharp volatility.
The Ibex 35 fell 4.56 percent to 12254.6 points after having reached more than depreciate by 5.2 per cent to touch a minimum of intra 12164.1 units.
In Europe, the Xetra DAX index of the Frankfurt Stock Exchange fell 4.88 percent and the CAC 40 index in Paris fell 4.25 percent. At the time of closure of European markets, the Dow Jones Caia around 1 per cent.
The bank values in Europe were dragged by the wave of selling among persistent rumors about the credit crisis, pointing to provisions for depreciation of assets at Societe Generale.
- Bloomberg
Nov. 3 (Bloomberg) – U.S. two-year notes were little changed for the Treasury debt Partner sale plans announced this week that financing could be doubled this quarter, as the government seeks to finance a bailout of the nation’s banking system. - Bloomberg
Oct. 31 (Bloomberg) – Corporate debt markets in the United States and Europe endured their worst month as the credit crisis spread beyond financial companies to industrial companies amid the prospect of a global recession. - Bloomberg
Nov. 3 (Bloomberg) – Brazil is the real fell as a weaker-than-expected U.S. manufacturing and forecasts for a recession in Europe added to relate to the world economy is faltering. - Bloomberg
Nov. 3 (Bloomberg) – Brazil is the real fell as a weaker-than-expected U.S. manufacturing and forecasts for a recession in Europe added to relate to the world economy is faltering.