European Stock Markets Downward Trend

A downward trend is been recorded today in European stock markets, extending the losses of last week. The negative psychology affects investment plans of White House to reform the financial system of the country, imposing restrictions on the activities of banks. The pressure on bank securities with Commerzbank HSBC, Lloyds Banking Group, BNP Paribas and Deutsche Bank to decline from 0.3% to 1.7%. The pan-European FTSEurofirst 300 index was falling 0.3% to 1021.78 points; recall that on Friday closed at a low 5 weeks.”The uncertainty created by the great desire of the U.S. president to restore his political skill in a way that does not discriminate against the banking industry will continue to have its price,” was commented by an analyst at BGC Partners. A 3.1% loss was recorded to shares of Ericsson quarterly earnings which fell short of analysts’ expectations, while Philips Electronics strengthened by 3.6% following the announcement of better-than expected operating profits.