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Indexes of the European stock market are ”in the red” because of the fears about the ECB

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Indexes of the European stock market are ”in the red” because of the fears about the ECB

Indexes of the European stock market are ”in the red” because of the fears about the ECB
October 05
15:00 2016

On Wednesday the securities markets in Europe started with the negative dynamics of the indices due to worries about the fate of the program of buying bonds of the European Central Bank. Meanwhile, Tesco shares have gone into growth at the expense of inspiring information about the profit.

At the beginning of the day the pan-European index FTS Eurofirst 300 has fallen by 0.59 percent, STOXX 600 – by 0.65 percent. The German DAX index has lost 0.69 percent, France’s CAC 40 – 0.71 percent and Britain’s FTSE 100 – 0.02 percent.

As, Bloomberg reported on Tuesday, referring to the sources, the ECB would slowly nullify the purchase of bonds in the amount of 80 billion euros ($ 90 billion), which had been carried out every month before minimizing the program of quantitative softening. Meanwhile, the ECB issued a denial of this message.

Securities of Tesco have risen by 7 per cent, because the retailer has provided reports on the results of the first half a year, corresponding to the maximum limit of forecasts. Tesco said it would increase investments in order to create favorable conditions for a profitable growth in the next three years.

The shares of the company SFR (telecommunications) have fallen by 7.24 per cent, as the French market regulator has hindered its rival Altice to buy the company. The securities of the insurance company NN Group have decreased by 3.8 percent, because the insurance company offered to buy a more modest rival Delta Lloyd.

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