The rescue of Greece did nothing. Investors remain worried in Europe: the CAC 40 lost Thursday more than 2.2% and broke the 3,600 points, the Frankfurt Stock Exchange fell 0.81%, close to 5900 points, the London Stock Exchange has folded 1.52% to 5260 points.
In the European storm, which contaminates the morale of investors around the world – in Asia, markets deep into red, and Wall Street has suffered more heavy losses – the euro continues its downward trend.
The fears of the contagion of the disease are increasing fiscal Greek daily.If the EU, the IMF and Athens agreed to "save the country from bankruptcy last weekend, the panic was due to global finances since the beginning of the week.
On Tuesday, the rumor "murders" that Spain could ask 280 billion euros in the IMF and could see its rating deteriorated by Fitch and / or Moody's has dampened the markets. Madrid and ratings agencies have denied. S & P himself has lowered its rating last week.
Then Wednesday, the storm came from the threat of degradation of the sovereign debt rating by Moody's from Portugal.
On Thursday, Jean-Claude Trichet, president of the ECB (European Central Bank) has failed to reassure markets quick cash.The Ibex-35 index of the Madrid Stock Exchange ended down 2.93% and the Lisbon PSI 20 downgraded from 2.37% to 6824.8 points.
The Athenian has taken place, the colors, gaining 0.98%, despite the strong social tensions in the country.
The euro to 1.25 soon
Since the euro has broken the support of 1.3280 earlier this week, the single currency dipped down. On Friday, it dropped below $ 1.27, to 1.2659 dollar per euro, far from 1.5144 dollars reached November 25, 2009. The Euro is at its lowest in a year deal with the sixteen major currencies in the world, and been fourteen months against the dollar.
Since 1 January, the single currency has dropped 11.4%.
"The next support is at 1.2450 dollar," recalls the president of Saxo Bank, Pierre-Antoine Dusoulier, and ensures that could be reached "very soon".
If the euro remains at levels "healthy for the European economy, this decline reflects the magnitude of the crisis in the Old Continent. Such differences in scoring so little time, are accustomed closely watched by the European Central Bank (ECB).
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