European markets decline on bank announcements about losses

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Source: Marketwatch
European shares saw a drop on Thursday session as Deutsche Bank, UniCredit and Santander reported sharp losses. Stoxx 600 index gave up 0.9% or 2.23 points and closed at 247.39, French CAC 40 lost 1.5% or 48.74 points reaching 3,144.91. UK's FTSE 100 index tumbled 0.8% or 44.19 points at 5,624.26 while DAX 30 index experienced a smaller decline of 0.25% or 15.56 points to 6,095.99. Indebted countries' markets fell even more, as Italian FTSE MIB index plunged 3.7% or 559. 81 points to 14,767.22 and Spain's IBEX 35 index tumbled 2.9% or 252.2 points to 8,329.60.

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Fri, 06 Jan 2012 08:39:16 GMT

Asia stocks extend losses on Friday

Asia shares experienced a further decline on Friday on rebounded worries about deepening European debt crisis and disappointing US mortgage aid program. Japan's Nikkei Stock Average finished 1.2% down, Hong Kong's Hang Seng Index lost 1.3% while Australia's S&P/ASX 200 dropped 0.8%. Shanghai Composite traded almost flat giving up 0.1% and South Korea's Kospi tumbled 1.5%.

Fri, 06 Jan 2012 08:49:06 GMT

Copper futures tumble after French bond auction

Copper futures tumbled to one-week low on the persistent worries over the Euro Zone financial difficulties after French bond auction. COMEX copper for delivery in March traded at USD3.413 a pound during the early European Thursday's trade, on the New York Mercantile Exchange, decreasing by 0.61% since opening.

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