Sovereign Debt Crisis Escalated &Nbsp; European Stock Index Fell 0.66%

2011/9/7 10:19:00 35

Tuesday, right.

Eurozone

Fears of sovereign debt crisis escalated, the banking sector was affected, and the Swiss central bank adopted decisive measures to intervene in the Swiss Franc market to help the Swiss stock market rise. However, the European stock index fell by 0.66% on the same day.

The pan European Dow Jones index closed at 221.98 on Tuesday.

Fall

0.66%.

The main regional index, the French CAC 40 index fell 1.13%, closed at 2965.64 points; the German DAX 30 index fell 1%, reported 5193.97 points; the financial times 100 index of the UK increased by 1.06%, to 5156.84 points.

European market bank shares took a lead. Investors were skeptical about Italy's willingness to implement austerity measures. The deterioration of Greece's debt problem has also struck investors' confidence in the banking sector.

Yuxin Bank fell 4.5% in Milan, while Italy United St Paul Bank fell 3.1%, which was suspended due to a big drop in trading.

The Italy financial times MIB index fell 2%, closing at 14049.70 points.

The market is worried that Italy's tightening measures may be discounted.

Italy's prime minister Berlusconi is seeking support for his budget plan.

Europe

Bank

Shares fell across the board, Societe Generale Bank in Paris fell 6.5%, Commerzbank fell 3.4% in Frankfurt.

Affected by the decline in bank shares, the French CAC 40 index fell 1.1%, closing at 2965.64 points.

The German DAX 30 index fell 1%, closing at 5193.97 points.

Greece's ASE composite index fell 0.4%, closing at 860.74 points.

The Swiss stock market rose against the market.

The SMI index rose 4.4% to 5367.24.