MOSCOW, June 8 - RIA Novosti. Leading European stock indexes began trading Friday, the negative dynamics on news that ratings agency Fitch has downgraded Spain's once in three stages, according to the auction.In the first minutes of trading the German DAX 30 fell by 1% - up to 6084.2 points. The French CAC 40 fell 1.03% - to 3039.47 points. Britain's FTSE 100 lost 0.3% and was trading at around 5445.8 points.
With pessimism on the stock exchanges taken the decision to reduce the Fitch Ratings long-term issuer default rating (IDR) of Spain in foreign and local currency ratings to 'BBB' from 'A' amid fears over the banking sector.
Bidders have paid attention to unofficial reports that the International Monetary Fund (IMF) on Monday will publish its assessment of the banking sector in Spain, according to which the country needs 90 billion euros to save it.
At the same time, the prognosis was better than the statistics from Germany. In particular, the trade balance surplus in Germany in April 2012 amounted to 14.4 billion euros, against a surplus of 17.4 billion euros in March. Analysts had expected values of the index level of 13 billion euros.
DAX 30 (Deutscher Aktienindex) - Germany's main stock index, the index is calculated as earnings per share of 30 largest companies (by market capitalization).
CAC 40 (Cotation Assistee en Continu) - France's main stock market index, calculated as a weighted average capitalization value stock prices 40 largest companies.
FTSE 100 (Financial Times Stock Exchange 100 Index) - the main UK share index, calculated by the stock quotes 100 companies with the largest capitalization of listed London Stock Exchange (LSE), weighted by market capitalization.
With pessimism on the stock exchanges taken the decision to reduce the Fitch Ratings long-term issuer default rating (IDR) of Spain in foreign and local currency ratings to 'BBB' from 'A' amid fears over the banking sector.
Bidders have paid attention to unofficial reports that the International Monetary Fund (IMF) on Monday will publish its assessment of the banking sector in Spain, according to which the country needs 90 billion euros to save it.
At the same time, the prognosis was better than the statistics from Germany. In particular, the trade balance surplus in Germany in April 2012 amounted to 14.4 billion euros, against a surplus of 17.4 billion euros in March. Analysts had expected values of the index level of 13 billion euros.
DAX 30 (Deutscher Aktienindex) - Germany's main stock index, the index is calculated as earnings per share of 30 largest companies (by market capitalization).
CAC 40 (Cotation Assistee en Continu) - France's main stock market index, calculated as a weighted average capitalization value stock prices 40 largest companies.
FTSE 100 (Financial Times Stock Exchange 100 Index) - the main UK share index, calculated by the stock quotes 100 companies with the largest capitalization of listed London Stock Exchange (LSE), weighted by market capitalization.
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