European stocks fluctuate amid worries on bailout fund

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Source: Bloomberg
© Scanpix/AFP

European equities erased gains and swung back into downward trend as Financial Times reported that European Financial Stability Facility may not manage to raise sufficient amount of funds to boost its firepower over 1 trillion euros. Stoxx Europe 600 Index lost 0.3% reaching 219.43 in morning trade. According to FT even lower funding level might be problematic to reach. 

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Fri, 25 Nov 2011 13:56:37 GMT

Euro falls on no solutions after the Europe's leaders meeting

The euro fell by 0.4% against US dollar to $1.3267, hitting seven-week low. Investors lose confidence in euro and euro-based assets after no certain solutions to the spreading debt crisis coming from the meeting of the EU leaders. The euro also was down against British pound by 0.07%, currently EUR/GBP is traded at 0.8608.

Fri, 25 Nov 2011 13:59:10 GMT

Outlook for UK housing market worsens

The outlook for UK's housing market has worsened in last months as unemployment rises and economic growth fades. Centre for Economics and Business Research (CEBR) lowered price growth predictions and currently its analysts claim that housing prices may decline by 1% this year and climb in 2012. The CEBR has cut its forecast for home value growth in 2012 from 2.4% to 1.6%.

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