Login | Register Add your business Home To advertise Change registration Our company Add to favorites Mercury Guide Contact STOCK MARKETS CONTINUE DECLINE - 2013-06-13 12:23:33 The European stock markets went down again on Thursday. A sell-off in Asia and lower closing levels on Wall Street also caused a negative mood in Europe. The World Bank also lowered growth expectations for the global economy. “We still have to contend with the aftermath of the threat of winding down of monetary support policy in the US. As a result, interest rates on the capital markets are rising and investors do not like high interest rates. The turmoil on the Japanese stock exchange also continues. However, we expect this to be a temporary correction and not a major trend break. We believe the rotation from bonds to equities will continue, ”said investment advisor Bart Flentge of Hof Hoorneman Bankiers. The AEX index in Amsterdam was 1.2 percent lower at 343.47 points at the end of the morning. The MidKap fell 1.1 percent to 522.78 points. The stock exchanges in Paris and London lost 1.2 and 1.4 percent. The DAX in Frankfurt lost 2 percent. In Tokyo, the Nikkei closed more than 6 percent lower. The world economy will grow by 2.2 percent this year, while in January it was expected to grow by 2.4 percent. The World Bank attributes the lower expectations to a stronger slowdown in emerging economies such as China and Brazil , while austerity measures exacerbate the contraction in Europe. The biggest fallers in the AEX were beer brewer Heineken and broadcaster Randstad with losses of more than 2 percent. DE Master Blenders was one of the few risers with a plus of 0.2 percent. The German investor Joh. A. Benckiser (JAB) has received approval from Brussels and Moscow for the takeover of the coffee and tea company. KPN also made a small profit of 0.3 percent. Financial director Eric Hageman told the Financieele Dagblad (FD) that the European telecom sector is "more than ever" ripe for a takeover wave. Hageman stated that there are currently no talks with the Spanish Telefónica, a party that has long been mentioned in relation to KPN. In London, Royal Bank of Scotland (RBS) fell more than 6 percent after the announcement that CEO Stephen Hester will leave the British bank later this year. In Paris, France Télécom fell more than 1 percent due to the uncertainty whether board chairman Stephane Richard can stay with the telecom group now that he is a suspect in a fraud case. The euro was worth $ 1.3336, up from $ 1.3355 at the close of European trading on Wednesday. The price of US oil fell 0.6 percent to $ 95.34 a barrel. Brent oil also fell 0.6 percent in price to $ 103. STILL NOT FOUND WHAT YOU WERE LOOKING FOR? ADD YOUR COMPANY OR WEBSITE TO THE MERCURIUS GUIDE NOW ADD COMPANY SUGGESTIONS Our company Add to favorites Mercury Guide Contact Home To advertise Change registration © Copyright 2017 Mercuriusgids.nl Advertise | Sitemap