George Taylor of City Index (http://www.cityindex.co.uk/) presents the latest activity affecting the financial markets, including news of a 9% tumble for BNP Paribas:
- European stock markets gave up early gains to trade lower Tuesday as French bank stocks dropped sharply for the second day.
- Shares in BNP Paribas SA tumbled 9%, having dropped around 12% in the previous session amid reports of a possible rating downgrade for the major French lenders. Societe General SA dropped 5.9%.
- The Stoxx Europe 600 index, which had risen as much as 1.3% in early trading, gave up its gains to trade down 0.5% at 217.78. The French CAC 40 index fell 1.6% to 2,809.22.
- FTSE 100 index dropped 0.4% to 5,110.32 and the German DAX 30 index 0.6% to 5,040.46.
Learn more about trading with City Index at http://www.cityindex.co.uk/learn-to-trade/
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
