Downward Move by European Stock Markets

A downward moving trend by European Stock Markets Trading on pending for the decision of the Bank of England (BOE) and the European Central Bank (ECB) in regards to interest rates. Losses have been recorded by banks and the goods industry. With interest expected to further press the ECB President Jean-Claude Trichet and statements that will do for the financial crisis in Greece. Mr Trichet has recently announced the intention of the ECB to accept the Greek bonds and post January 2011.

At 10:09 (GMT), the pan-European FTSEurofirst 300 index fell 0.5% to 1093.11 points. Among the losers are the banks, which extended losses in yesterday’s meeting. Shares of Banco Santander, Deutsche Bank BNP Paribas and Standard Chartered falling note 0,7-1,2%. Pressures are susceptible to the Anglo American Antofagasta, BHP Billiton, Rio Tinto and Xstrata which are declining from 0.6% to 1.6%.