European Stock Index Fell 0.17% On Friday

Beijing time on October 29th morning, Friday, after the recent index rose, the European stock market.

The pan European Dow Jones index closed at 249 points on Friday, down 0.17%.

this

Steen Jakobsen, chief economist at Baosheng bank, Sweden, believes that investors are "making profits before implementation".

He also pointed out that the rating agency Fitch said in a recent report that the 50% reduction of Greek debt holders would be a de facto default, which would make Greece's debt rating fall to B level after that, or even a further downward adjustment of the private sector's creditors.

Fitch said in July of this year that the 21% Greek debt reduction agreement reached at that time would make Greece a restrictive default.

A new round of government bond auctions in Italy on Friday showed that the country's soaring cost of financing had raised market concerns.

The euro zone leaders' Summit Plan to supplement regional banks' capital in the debt crisis resolution of this day is to limit the spread of debt to many countries including Italy.

The Italy financial times MIB index fell 1.8% on Friday to 16653.55.

Sweden's steel supplier SSAB group (SSABA) and real estate developer JM group (JM) gave strong quarterly reports respectively. The share price rose by 7.40% and 13.96% respectively on that day. Similarly, Electrolux electric (ELUXA) listed in Stockholm only met market expectations and shares fell 6.8%.

The main regional index, the French CAC 40 index fell 0.59%, to 3348.63 points: EDF postponed the four nuclear power plant construction plan in the UK, the stock price fell 5.52%; Reynolds Motor Company (RNO) announced good results on Thursday and reiterated its annual profit target, the stock price rose 4.47%; the competitor of the same industry, Peugeot Citroen (UG), was downgraded to Royal Bank of Scotland and its shares fell 1.57%.

Germany's DAX 30 index rose 0.13% to 6346.19 points: Fresenius medical group (FME) rose 4.7%, LIN reiterated its annual profit target and its stock price rose 1%.

The FTSE 100 index fell 0.20% to 5702.24 points: BARC and LLOY declined 4.2% and 5.18% respectively, while Royal Bank of Scotland (RBS) fell 3.59%.

According to other companies, ACA and BNP rose 3.67% and 3.47% respectively; Total FP (FP) reported a 1.90% drop in earnings.