The G20 Summit Disappointed The Market &Nbsp, And The European Stock Index Fell 1.01% On Friday.

Friday morning, Beijing time, Friday, G20 group Summit At the end, it failed to bring any help to the market; the eurozone continued to struggle under the shadow of the debt crisis, and the result of the confidence vote in the Greek parliament also threatened market confidence. The European stock index fell 1.01% on the same day.

The pan European Dow Jones index closed down 1.01% at 239.76 on Friday. In the past week, the European stock index has fallen by 3.7%.

The main regional index, the French CAC 40 index fell 2.25% to 3123.55 points: telecom equipment maker Alcatel lucent (ALU) third quarter earnings showed a 6.8% drop in revenue, and the stock price fell 17.06% on that day. The German DAX 30 index fell 2.72% to 5966.16 points: the German Commercial Bank (CBK) reported a net loss of 687 million euros in the third quarter and a 6.37% decline in share prices.

Investors in European stock markets are still cautious about Greece's development. Greek Prime Minister Papandreou led the incumbent. government The Council will face a vote of confidence. The day before, under pressure from European political parties and members of the party, Papandreou has agreed to abandon a referendum plan for euro zone assistance.

The group of G20 summit ended on Friday in Cannes, France, on euro zone sovereign debt. crisis The rescue rarely offered any help, and the market was generally disappointed. Atif Latif, head of the stock brokerage company of the guardian, said that the speech of the group of G20 meetings was generally negative, especially in terms of raising the ability of the IMF to borrow money. There was no agreement on the improvement of the International Monetary Fund's borrowing capacity. "More importantly, the major developed countries did not give a resolute commitment to support the EU's aid program, which increased the market's concern about the final outcome of the crisis."

A positive result from the G20 summit is that Italy, which recently surged in borrowing costs, agreed to invite the International Monetary Fund to oversee the implementation of the country's fiscal reform. The Italy financial times MIB index rose 2.7% to 15346.55 on Friday.

Meanwhile, US official non farm employment data show that the number of employed persons increased by 80 thousand in October, while the unemployment rate in the same period dropped from 9.1% to 9%. Previous market surveys show that economists generally expect the employment population to increase by 90 thousand people last month, while the unemployment rate is expected to be flat.

The FTSE 100 index fell 0.33% on Friday, closing at 5527.16 points: Scotland's Royal Bank of Hong Kong (RBS), which has been largely owned by the state, turned into a profit in the third quarter and shares rose 1.27% on that day. The mining giant AAL announced that it would offer 5 billion 100 million dollars from the Oppenheimer family to acquire 40% stake in diamond, so that the shareholding ratio rose to 85%, and the company's share price rose first and then fell, and finally reduced by 0.76%.

Other companies reported that the International Joint Aviation Group (IAG) reported a sharp drop in operating profit in the third quarter, and announced that it would buy the British Mead Rand Co from Lufthansa (LHA), and its share price fell by 6.83%. Lufthansa fell 3.1% on the same day.

LG, a French infrastructure material maker, reported a net profit drop of 10%, but the company maintained an optimistic demand for cement and its share price rose 0.46%.