In Europe, the banking sector index fell 0.9% long-bond auction of German, many of the vulnerability of European banks for the euro zone debt. Said David Moss, Director of the team shares F & C Asset Management, which manages assets of around 2.7 billion euros: It depends on the bond market and sovereign bonds. At one point in trading the FTSEurofirst 300 index of shares of major European companies 0.3% to 1024.71 points after hitting its highest level in five months, first on Tuesday, when he turned the attention of the market about the problems of the euro area due to strong data for the manufacturing sector in the United States and China. Across Europe, the FTSE dropped 100 was 0.1% and France’s CAC 40 and German DAX 0.4%.
The rise of Asian
Asian stocks ended Japan’s Tokyo Stock Exchange dealings in securities backed by a large increase good performance of the shares of companies dependent on exports. The share prices of companies accredited to export significantly, rising shares of Komatsu construction equipment increased by 3.34% and Toyota Motor shares rose 3.06% and Sony Electronics Corp. by 1.59%. Attributed the major investment banks in the world to increase the ratio of investment in South Korea for the positive underlying economic conditions of the state in 2012.
Those banks said that South Korea has the potential policy is to encourage the government to the local economy with the assessment of the Korean stock market are low compared with their counterparts in emerging countries, despite the low growth rate due to vulnerability to the global economic downturn.
A report issued by international financial center, banks expect that foreign investment tends foreign investors who sold shares worth 7 trillion and 700 million won (7.6 billion dollars) in 2011 to buy them again in the new year. The predicted global investment banks to increase buying by foreign investors of shares in Korea due to continued economic growth is expected in South Korea with the possibility of reducing the interest rate on long-term to confront the global economic downturn, but pointed out that buying foreign would be great, because of the global economic downturn and a slowdown in resolve the financial crisis in Europe.
In currency markets the euro fell against the dollar after an auction of the bonds was met with the German request for a quiet, but adequate, and the single currency looks vulnerable to further selling as investors worried about the ability of sovereign bonds of euro zone countries to attract funds. The euro fell 0.5% to 1.2981 dollars, near its lowest level during the session of 1.2976 led to the execution of the sale of stop loss below 1.3010 dollars. Although the euro was under pressure the dollar index rose 0.4% to 79.962.
The dollar rose slightly against the Japanese currency to 76.69 yen, but still near a record low level of 75.311 yen struck late last year. Also declined currencies associated with trade in primary commodities, with the decline of risk and investors to profit from the gains of the previous session. The Australian dollar fell 0.5% to U.S. $ 1.0315 to come down from the highest level in two months, the record on Tuesday at 1.0387 dollars. The New Zealand dollar fell 0.4% to U.S. $ 0.7868.
And witnessed the exchange market in Tehran after the intervention of strong fluctuations in the central bank to raise the value of the riyal against the dollar as reported by the media and dealers. The Iranian currency weakened as a result of new U.S. sanctions related to Iran’s nuclear program, the controversial and threats of further action by the United States and some European countries.
The Web site reported that specializes riyal rose by 21% against the dollar for up to 14 thousand riyals to the dollar, while giving the media and traders in the exchange of different figures. The mediator said on condition of anonymity, said representatives of the Central Bank prevented the sale of the dollar by more than 14 thousand riyals. In contrast, in the street used to be to buy the dollar and sold 15,600 riyals to 15,700 riyals.