European Euro and Stocks Declined Report on Monday

Stock Market News
European stock exchanges suffered sharp decline on Monday (22 / 6) local time, followed by re-emergence of fear of the economic health of the world, said the dealer.
FTSE 100 index in London had fallen 2.57 percent to close at 4234.05 points while in Paris CAC 40 index lost 3.04 percent to end at 3123.25 points. Dax index in Frankfurt downed 3.02 percent to 4693.40 points. Other exchanges in Europe, a declining was also happened 2.53 percent in Madrid, 4.17 percent in Milan, 2.05 percent on the Swiss Market Index, in Amsterdam down 3.14 percent and 2.47 percent down in Brussels.

The suffered against major Europeans stocks is caused by disappointed economy recovery signal of the leader economic in the world United States. Index Dow Jones Industrial Average in mid-day downed to 1.65 percent at 8,399.16 points, while the technology dominated Nasdaq index was 2.49 percent declined to become 1,781.95.

Spot Market
Fallen on European Stocks is also followed by their EURO, downed below 1.39 US Dollar on the same day. The declining is raised due the investors concerned about United States Interest Rates. They were waiting the FED policy on interest rate in this weekend. My observation with Marketiva showed that in last two weeks, both EURO and British Pound couldn’t stand against US Dollar and declined significantly. Japanese Yen also downed below 96 US Dollar.


U.S. dollars are tight in the range because the investors await interest rate meeting of the U.S. Federal Reserve this weekend, which begins on Tuesday, said the dealer.

The Fed chairman Ben Bernanke, is expected to maintain the base interest rate is almost zero, in line with the program of providing liquidity to the financial system, including the purchase of debt wide state and other securities. Markets was confusing by the unconventional monetary policy; experts argued that the policy makes market cooled down for a while, waiting the next action by FED.

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