Paris and European stock markets down in early trading
Posted by adminParis and European stock markets are falling sharply in early trading Monday in the wake of New York and Asian stock markets after U.S. employment figures disappointing trial amid lingering fears about possible negative effects of the crisis debt of the eurozone on the global economy.
Around 9:05, the CAC 40 index, which opened in low of 1.69%, losing 1.61% while the euro hit a four-year low this morning in Asia. The Paris index, which fell 2.86% on Friday, could go to fill the gap opened on 26/05 at 3348.64 and go test area supports 3276, said Alexander the Drogoff, technical analyst at Aurel BGC.
No value of the CAC 40 is up.
London drops 1.16% 0.98% and Frankfurt.The European indices, EuroStoxx 50 Eurofirst 300 lost 1.28% and 1.16%.
The euro remains under pressure and is trading around 1.1947 dollars after hitting a low of 1.1878 to four years. On Friday, he finished at 1.1936, his fall was caused by fears of debt crisis in Hungary.
The bonds of the core countries of the euro area benefited from strong risk aversion. The German Bund yields to 10-year benchmark euro area, relaxes and drops below 2.6% to 2.57% and the return of the French OAT maturing going well under 3%.