European Stocks Hit by Postponed Agreement for Greece

European stocks opened down Thursday as investor confidence is affected by repeated postponements of the agreement to save Greece and the possibility of relegation credit ratings of several financial institutions in the Euro area by Moody’s, says Reuters.

FTSEurofirst 300 index of the most important European shares fell 0.9% in the early trading session, after reaching peak Wednesday last six months, a trend which has led some investors to sell to make profits increase 18% index recorded at the end of November.

FTSE indices (London) and CAC 40 (Paris) lost 0.9% each, while the DAX (Frankfurt) withdrew by 1.3%.

Euro zone leaders are considering partial or total delay of the second agreement of external funding for Greece, the Greek State risking bankruptcy.

But investor confidence has been affected by disappointing data on investments in China and Moody’s warning that it might downgrade 17 global banks and 114 large European financial institutions because the state debt crisis on the global financial system.

The banking sector index opened down 1.6%.

On the other hand, Renault and Cap Gemini shares rose more than estimated due to the financial results reported Thursday by the two companies.

Asian markets outside Japan fell sharply Thursday, MSCI Asia Pacific Index down by 1.4% because of repeated delays in the agreement Greece. The euro dropped 0.4% in Asia, reaching a minimum of $ 1.3 last three weeks.

Nikkei index of the Tokyo Stock Exchange closed Thursday down 0.2%, but the atmosphere of the Japanese market is optimistic, after several measures to relax the monetary policy of the Bank of Japan prompted yen depreciation.

New York Stock Exchange ended down Wednesday, the market is dictated mainly by the evolution of Apple shares, which lately has cemented its status as the world’s largest company by market capitalization.

Direction of the S & P 500 and Nasdaq recently been increasingly influenced by fluctuations in Apple shares. Wednesday, title company have opened up powerful, estimating 3% in the first part of the session, but returned in the red end of the day and closed down 2.3%.

The S & P 500 down 0.5% completed, and the Nasdaq lost 0.6%, while the Dow Jones Industrial Average fell by 0.8%.

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