Monday, November 21, 2011

Europe - main Stock market indices in Frankfurt, Paris and London all extended losses Moodys possibly the culprit

Published on Nov 21, 2011 by
http://www.euronews.net/ An election in Spain with unsurprising results failed to give the market a boost on Monday morning.

After a negative opening, the main indices in Frankfurt, Paris and London all extended losses, probably due to the warning from Moodys agency that France may lose its AAA credit rating.

In Madrid, stocks also lost ground.

Spain's borrowing costs continue to rise, with the gap between its rate and Germany's getting larger.

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