Lloyds Banking Group and Royal Bank of Scotland climb higher today

European Stock Market: Lloyds Banking Group and Royal Bank of Scotland climb above

In brief: Lloyds tsb bank plc and Royal Bank of Scotland are beginning to appreciate against the backdrop of favorable news from the financial sector.

Lloyds tsb bank plc rises above confidently. European stock market closed with slight drop in the leading index. Against this background, the banking sector, a multidirectional dynamics of quotations. Shares of British Barclays and HSBC went up by 0,23% and 0,24% respectively. Securities Royal Bank of Scotland and Lloyds Banking Group cheaper respectively 0,34% and 0,57%. In addition, decreased quotes the French Societe Generale (-0,69%) and Credit Aricole (-1,07%), while BNP Paribas shares went up by 0.17%. Germanic Deutsche Bank on the basis of exchange session went into the “red zone” (-1.38%).

The disappointing data on housing and construction sector to the U.S. led to an increase concerns about the pace of economic recovery. An impact on the trading session, analysts had a statement of the international rating agency Moody’s Investors Service, which reduced the government bond rating to Aa2 from Ireland AA1, the forecast – “stable”. Experts believe the rating agency, reduced the rating reflects the loss of financial stability of the economy of Ireland as a result of significant growth in government debt relative to GDP – up to 64% by the end of 2009. with “pre-crisis” 25%. As noted in the message Moody’s, Ireland had experienced a significant decline in GDP since 2008. That was the result of a serious reduction in tax revenue of the country. Also, the international rating agency Fitch Ratings upgraded the credit rating of Estonia from A-to A, rating outlook – “stable”. At the same time, the agency upgraded the short-term issuer default rating of Estonia on liabilities in foreign currency from F2 to F1. The limit for the country’s rating was revised Fitch analysts upwards – from A + to AAA. Experts believe that Fitch, the long-term prospects for economic growth in Estonia is better than the average euro-area countries.

Ukrainian Globalist
2010-07-19 21:57, Economics.

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