European Market Updates

20/05/2010 14:43
European stocks are set to open sharply lower onjackets Wednesday, as Germany's decision to ban naked short selling in certain financial instruments reduced the appetite for risk. In Asia, the MSCI Asia Pacific Index fell about 1.5% to Monclera three-month low on Tuesday on concerns that the German decision along with sweeping financial reforms bill that is being discussed by the U.S. Congress could derail the nascent economic recovery. The euro crashed to its lowest inmoncler vest more than four years against the dollar on Wednesday, while crude oil futures are trading weak below $69 a barrel on economic worries and amid expectations for another build in U.S. crude inventories. European Union finance ministers agreed at a meeting in Brussels on Tuesday to Moncler Hoody impose stricter regulations on hedge funds and private equity firms operating in the 27-member European bloc, ignoring objections from the United States and Britain. A statement issued after Tuesday's meeting said that the EU finance ministers agreed onmoncler sale "a mandate for negotiations with the European parliament" on the proposed regulations on the hedge fund industry and devise ways to enforce a standardized version of the regulations across the 27-member bloc. On Wall Street, stocks gave back early gains and ended sharply lower on moncler menTuesday, as continued concerns regarding Europe's financial woes and talks about harsher regulation of banks prompted additional selling pressure. Meanwhile, traders shrugged off the day's upbeat news on housing starts and producer prices. The Dow fell about 1.1%, the Nasdaq declined 1.6% and the S&P 500 lost 1.4%. In domestic corporate news, French telecommunications regulator Arcep onmoncler women Tuesday awarded additional third -generation wireless frequencies to Vivendi SA's mobile operator SFR and France Telecom SA's Orange brand. Airports operator Aeroports deMoncler Jackets Paris reported a 19% fall in passenger traffic formoncler clothing April, mainly due to the disruption to air travel caused by a volcanic eruption in Iceland. Italy's antitrust regulator said it has opened a probe against Telecom Italia SpA for possible abuse of a dominant position. The European markets rose for the first time in three days on Moncler Jackets on saleTuesday, as sovereign debt fears eased after debt-stricken Greece received €14.5 billion in loans from the European Union to pay off its immediate debt. While the FTSEurofirst 300 index of pan-European blue chips closed 1.34% higher, the U.K.'s FTSE 100 index rose 0.85%, France's CAC 40 index advanced 2.08% and Germany's DAX index gained 1.47%. Moncler women Light Jackets Moncler Hoody on sale Moncler Polo shirt on sale Moncler Down Jackets on sale Moncler Light Jackets on sale