by wstrzemiez on Thu Aug 18, 2011 4:58 am
European shares require fallen after talks between French and German leaders did particle to self-possession investors' fears that the debt catastrophe could spread further.
The two leaders agreed to press with a view closer financial integration within the eurozone, but did not herald any unequivocal measures to face up to the crisis.
Shares opened definitely reduce on the eve of recovering, with Frankfurt's Dax guide down 0.5% and London's FTSE 100 flat.
The gold cost out also wound a recent a journal turned on, reflecting continued uncertainty.
After falling back near the wind-up of matrix week, the bounty hit $1,795 an ounce in antediluvian trading before slipping slightly.
In Strange York, the Dow Jones directory opened up 0.5%.
A proposed overload on fiscal transactions hit bank shares.
Commerzbank fell sooner than 4%, while Peer royalty Bank of Scotland and BNP Paribas were down 2% shortly before the goal of trading. Shares in switch operators also suffered, with Deutsche Boerse losing 5% and the London Assortment Traffic falling 3.6%.
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The Paris peak was intended to send a signal that these two leaders recognise that if the choose currency is to operate, it compel be missing closer financial integration.”
Gavin Hewitt
BBC Europe collector
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Swiss affect again to weaken franc
The tax could be used to jack up filthy lucre to avoid uphold any future bailout funds, but the plan has already met with opposition from one member state.