European stocks open lower on news from France and North Korea

Note: This section contains information in English only.
Source: Marketwatch
European security markets traded lower in Monday morning session amid announcement that North Korean leader Kim Jong-il died and Fitch ratings lowered France's credit outlook. Stoxx Europe 600 index lost 0.3% at 233.01, whereas German DAX 30 index dropped 0.2% reaching 5,691.78.  French CAC 40 index declined 0.5% at 2,956.82 and FTSE 100 index edged down 0.4% at 5,366.11.

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Mon, 19 Dec 2011 09:17:36 GMT

Canadian currency falls on European worries

Lonnie depreciated on Friday, extending its five consecutive day drop, biggest in 6 weeks on investor speculation that Europe is not doing very well on taming its debt crisis. Canadian dollar lost 0.3% to C$1.0380 on Friday evening trade. Loonie's weekly depreciation reached 2.1%. Currently USD/CAD is trading at C$1.0380.

Mon, 19 Dec 2011 08:44:45 GMT

Draghi keeps reminding ECB will not purchase bonds

Mario Draghi, ECB president curbed expectations that common central bank will intensify bond purchases to resolve debt turmoil. Mario Draghi continues to repeat that ECB must operate within its legal foundations and ECB's mandate does not accept proposed type of intervention. However, ECB will work on behalf of EFSF, which has been authorized to interfere in debt markets. 

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