The European stock exchanges close in clear(net) recession(drop)

The European stock exchanges again closed on a clear(net) recession(drop). Paris lost 4,25 %, Frankfurt 4,88 %, and London 2,28 %. They were disappointed by the statements(declarations) of the president of the Central european bank who recognized on Wednesday the risks for the growth of the Euro-zone but excluded any decline of the rates. Wall Street, which had opened in decline, then reduced its losses. At about 5:10 pm, the Dow Jones lost 0,77 % and Nasdaq 1,71 %.

The main European stock exchanges fell again on Wednesday, January 23rd, disappointed by the hesitation expressed by the president of the Central european bank Jean - Claude Trichet to lower(dim) the rates.
Frankfurt lost 4,88 %, Paris 4,25 % and even in Great Britain, London, which is not a part of the Euro-zone, lost 2,28 %.
With this new decline, the CAC 40(PARIS STOCK INDEX) in Paris lost 17,4 % since strip at the beginning of the year, the indication Dax of Frankfurt about 20 %, Madrid 18,75 %, Amsterdam 19,12 % and Milan 14,06 %.
Zurich fell(flopped) for its part 1,76 % on Wednesday, carrying(wearing) its losses since the beginning of the year in more than 13 %.
The president of the BCE Jean-Claude Trichet indicated on Wednesday that the main mission of the European institute was the fight(wrestling) against the inflation, so indicating that it was not ready to lower the rates while the American central bank ( Fed) decreased on Tuesday its main intervention rate of three quarters of no percentage, an exceptional scale.

Wall Street reduces its losses after an opening to strong decline

The New York Stock Echange again opened in strong recession(drop) on Wednesday, January 23rd, so beginning(affecting) its 6th consecutive session of fold. The Dow Jones lost 1,56 % and Nasdaq 2,57 % in the opening, reflecting the anxiety of markets in front of the decline of the American interest rates and of the disappointing forecasts of Apple.
Wall Street however reduced its losses after its opening to strong decline: at about 5:10 pm, the Dow Jones lost 0,77 %, in 11.878 points, and Nasdaq 1,71 %, in 2.253 points. (> the prices(lessons) of the live stock exchanges(scholarships)).
The surprised decline, on Tuesday, of the main guiding interest rate of the federal Reserve ( Fed) in 3,50 %, had allowed the American markets to slow down their fall, without restoring however the optimism at the investors. The Dow Jones had lost 1,06 %, Nasdaq 2,04 % and the POSTAL AREA 500 1,11 %. The careful forecasts delivered for 2008 by Apple (11,95 % in 138,64 dollars), one of the values particularly appreciated by the investors, added to the gloom.
On Wednesday, the stock exchange of Toronto, main place(square) in Canada, was also in decline, the main indication having given up 2,5 % to the opening.

The European stock exchanges in the red

The European stock exchanges sank into the red, on Wednesday, January 23rd at the middle-day, on bottom of anxieties concerning the evolution of the rates in the United States and in Euro-zone.
The European places, having opened in increase, restarted decline after the comments of the president of the Central european bank ( BCE), Jean-Claude Trichet there, letting hear(understand) that he(it) would not follow the example of the American federal Reserve ( Fed) by lowering(dimming) his(its) interest rates.
The president of the BCE indeed indicated that he did not intend to deviate from his politics(policy) by underlining the importance of the "price stability" and by calling back(by reminding) the mandate of the BCE which is to fight against the inflation.
The decline of the star indication DAX of the Frankfurt Stock Exchange crossed(spent) a psychological mattering threshold by reaching(affecting) the 20 % since the beginning of the year, Wednesday in the afternoon. The DAX of thirty star values dived up to 6.384,40 points early in the afternoon, is a 20,86 % recession(drop) or of 1.682,96 points compared with the last closing price of 2007.
The quasi-totality of the European stock markets had nevertheless ended in increase on Tuesday, with the exception of Frankfurt which ended on a light 0,31 % recession(drop). But London progressed of 2,90 % and 2,07 % Paris. Zurich, Amsterdam, Madrid and Milan also finished the session widely in the green.
Istanbul closed down on Wednesday of 4,61 %.

The Latin American stock exchanges

In the trail of the European places, the stock exchange of Sao Paulo relapsed in the opening on Wednesday with a decline of 3,8 %. The indication Ibovespa became established in 53.952 points at 1:30 pm GMT on Wednesday against 59.097 in the fence(close) on Tuesday. At about 5:00 pm ( the hour French time ), Sao Paulo lost 2,49 %, in 54.320 points.
On Monday, the stock exchange of Sao Paulo had plunged of 6,6 % in front of the fear of an American recession, but had got back a good part(party) of its losses on Tuesday with an increase of 4,45 % after the decline of the intervention rate of the American central bank.
Mexico City also opened on Wednesday on a 2,14 % loss.

Financial centers in Asia

In Asia, the stock exchange of Hong-Kong ended on Wednesday on a spectacular bounce(recovery), the indication Hang Seng gaining(winning) 10,72 % at 24.090,17 points in the fence(close).
The stock exchange of Hong-Kong had tumbled of 8,65 % in 21.757,63 points on Tuesday, the investors being always haunted by the fear of a recession in the United States and possible fatal repercussions on all the Asian savings.
In front of these fears, the American federal Reserve decided as a matter of urgency on Tuesday to amputate its main intervention rate of 0,75 no percentage, in 3,50 %, by underlining the risks increased on the economic growth and the deterioration continues financial markets.
The monetary authorities of Hong-Kong announced on Wednesday that they also reduced their intervention rate of 0,75 no percentage, in 5,00 %.
The indication Nikkei de la Bourse de Tokyo ended the session of Wednesday in increase of 2,04 %. The indication Nikkei 225, the not balanced average of 225 star values, resumed(took back) 256,01 points (2,04 %) in 12.829,06 points, getting out of breath a little having won until 3,90 % early in the day. He(it) had melted of more than 9 % during previous both sessions.
The widened indication Topix of all the titles(securities) of the first picture(board) ended for its part on an earnings(gain) of 29,98 points (2,46 %) in 1.249,93 points.
Always in the fence(close), Seoul progressed of 1,21 %, 2,68 % Manilla and New Zealand 0,23 %.
Against the current besides of the region, the composite indication of Shanghaï gave up 0,58 % at the middle-session, and Taïpeh ended in strong 2,29 % fold.
In the middle of session, Jakarta progressed of 4,61 %, whereas Singapore came back carefully on neutral ground (0,03 %) from a starting up in brass band.
In Bombay, the indication Sensex opened in increase of 4,62 %.

The anxiety persists

But the anxiety persisted at the speaker's on the possible consequences of a major economic crisis in the United States, in spite of the statements(declarations) of the White House assuring(insuring) not to expect a recession.
The investors dread not only the distribution to the whole planet of a possible recession in the United States, but also a major crisis of the financial system, filled by the difficulties of the rehausseurs of credit, widely pointed since the beginning of the crisis.
Certain speakers are afraid of an embrittlement of these underestimated actors who are in charge of assuring(insuring) 2.400 billion dollars of obligations(bonds) in traffic(circulation) in the world. A reliable loss in the solidity of rehausseurs gets(touches) in the first one the insurers and the réassureurs, which can pull(entail) as dominoes the banking sectors and more widely financial.