Two Days Of Ice And Fire In Stock Market

Anecdotal rumours raided European and American Stock Markets

Europe and America

The main bank of Europe will be bankrupt

The first rumor is that the European countries are divided on the rescue of Greece, which may delay the implementation of rescue measures. The direct impact is likely to bankrupt the main European banks. France's three largest banks have plunged in the market, of which France's Societe Generale (601166) has fallen by 22.5%.

At the close of the Paris stock market, Societe Generale Bank shares fell 14.74%, agricultural credit bank fell 11.81%, and Paris Bank of France fell 9.47%.

The French credit rating will be

The subsequent rumor is that France's sovereign credit rating will be lowered.

France, as a country that has long been rated as AAA, is the core country to solve the European debt crisis, and has been under pressure after the US rating is downgraded.

Although the French Ministry of economic affairs immediately denied rumors, three main rating agencies, Moodie, S & P and Fitch, also denied by the media, but the market has lost its sense. Even French President Sarkozy broke off in the morning and returned to Paris to hold a working conference to discuss the economic situation and cut down the words.

The first decline was in the Italy stock market, and the Milan stock market began to fall from 12:30 noon local time.

At 14 p.m. local time, the Paris CAC40 index fell, and the rapid decline of bank stocks fell sharply. The 100 stock prices of the financial times in London fell 0.89% rapidly, and the Italy Milan stock index had fallen by more than 3%.

The main European stock markets plummeted after 16 hours local time, while the German and Italy stock markets both fell 6%.

At the close, London stock market fell 3.05%, Germany's Frankfurt stock market fell 5.13%, France's Paris stock market fell 5.45%, Italy Milan stock market fell 6.65%, Spain Madrid stock market fell 5.49%.

European stock markets closed at the Atlantic (600558) on the other side of the United States.

Simultaneous broadcasting

Three rating agencies reaffirm French 3A rating

In August 10th, the market speculated that the French rating could be downgraded.

Subsequently, Moodie, standard & Poor's and Fitch three rating agencies all reiterated that their credit rating to France was AAA, and the rating outlook was stable.

In other words, the French financial market authority said in August 11th that it would closely monitor the dynamics of bank shares and prevent market speculation.

10 European markets are rumoured.

There is a rumor that European countries are in disagreement over the rescue of Greece and may delay the implementation of rescue measures, which may bankrupt European main banks.

It is also reported that Societe Generale will face liquidity problems and may need financing.

Then came the news that France's AAA sovereign credit rating would be downgraded.

Various rumours became a major factor in the stock market's fall on that day, and major French banking stocks plummeted across the board.