Rus News Journal

The share markets in Europe were closed by sharp falling

the Share markets in Europe on Monday closed by sharp falling of exchange indexes - to the lowest mark for last two months. The all-European index FTSEEurofirst has fallen following the results of the auctions upon 3,6 %. Bankruptcy of American investment bank Lehman Brothers became the collapse reason.
actions of the European banks which have fallen in price on 7 - 19 % have undergone to the Greatest falling. So, actions of British bank Royal Bank of Scotland Plc. Have fallen in price on 13 %, the fourth on size of British bank Barclays Plc. - also on 13 %, French BNP Paribas SA - on 7,2 %, German Deutsche Bank AG - on 7,3 %.
After financial crisis has again loudly declared itself, uncertainty of investors has sharply amplified. The instability end in stock markets meanwhile is not expected - have commented on a situation of analytics from German Landesbank.
Besides, second-large in USA Bank of America Corp. Declared purchase of the third on size in the country of investment bank Merrill Lynch and Co. For $50 billion On terms of transaction which will be completely financed at the expense of an exchange of actions, Bank of America will exchange the actions for actions Merrill Lynch in the ratio 0,8595 to one. The transaction has been approved by a management of both companies and now should meet with approval of shareholders and regulating bodies. Transaction end is planned for I quarter 2009.
has not added optimism to investors and the reduction in price of the oil which has caused falling of quotations of the oil companies. Oil cost at the auctions on NYMEX has decreased today on 4,42 dollars/ barr. Also has made 96,76 dollars/ barr. Actions French Total have lost of 5 % in the price.
According to German analysts, financial crisis in the USA gives an occasion to fears concerning global recession of economy which in turn will affect demand for oil, therefore the price for oil in immediate prospects will continue decrease.
we will notice that the American share auctions were closed today by a collapse on 4 %. The Russian share market on Monday also has renewed decrease, the index of RTS following the results of the auctions has fallen to 4,88 %.
In Europe following the results of the auctions on September, 15th 2008. The British index FTSE 100 has fallen to 212,5 points (- 3,92 %) - to 5204,2 points, German DAX - on 170,73 points (- 2,74 %) - to 6064,16 points, Amsterdam AEX - on 14,53 points (- 3,64 %) and was closed on a mark in 386,04 points, French CAC 40 - on 163,69 points (- 3,78 %), having closed on a mark 4168,97 points, Swiss SMI - on 276,39 points (- 3,83 %) and has made 6939,11 points. The all-European index FTSEEurofirst has fallen following the results of the auctions upon 42,21 points (3,63 %) and has made 1119,94 points.