European markets down on Wednesday

Note: This section contains information in English only.
Source: Marketwatch
European shares closed lower on Wednesday, weighted by Novartis and Ericsson as both companies reported sharp declines in profits. Stoxx 600 index lost 0.4% and closed at 254.95 and CAC 40 index ended 0.3% down at 3,312.48. FTSE 100 gave up 0.5% and finished at 5,723.00. Only German DAX performed better and traded flat at 6,421.85. 
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Thu, 26 Jan 2012 08:13:28 GMT

Angela Merkel: structural reforms are crucial

Big rethink is necessary in the Euro Zone within world's economy, said Angela Merkel at the World Economic Forum.  Structural reforms aimed at creating new jobs are crucial, she added. Indebted Euro Zone is the most discussed issue at the forum. Many consider Germany and other strong economies have to inject more money into rescue fund.

Thu, 26 Jan 2012 10:46:58 GMT

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