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Friday 30 September 2011

European markets


European stocks were once again down on Friday, contributing towards one of the worst quarterly falls for the markets in the past decade.
In this quarter stock market in France and Germany extreme fallen, about 25% of stocks fallen in Germany and France.
Shares in London's FTSE are down 13.7%, It is worst quarterly performance since 2002.
Friday's falls follow an unexpectedly  rise in the eurozone inflation rate for September to 3%.
Investors are hoping that European Central Bank would decrease in interest rates in the eurozone, after unexpectedly  rise in inflation upto 1.5%.
However, the latest inflation figures may make such a move less likely.

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