Defaulted Hungary crippled German market

The threat of default remains in Hungary

In brief: The Hungarian economy is becoming a new object of attention of world leaders. Defaulted in Hungary could happen very soon.

On Friday, June 4, the major stock indicators in Germany showed a negative trend, falling investor pessimism about not too favorable labor market data the U.S.. In addition, another European country showed signs of pre-crisis state. Thus, the official representative of Hungary said that the economic situation in the country raises serious concerns, and to avoid a crisis similar to the Greek, it is unlikely to succeed.

As a result of trading a key index of German stock market DAX retreated 1.91% to a value of 5 938.88 points and the index TecDAX Performance shortened from its asset 1,39% and closed at 746.22 points. One of the leaders of the fall of the trading day began to German banks. Thus, the market capitalization of the country’s largest bank Deutsche Bank fell 2.9%, whereas the shares of Commerzbank “thinner” at 2,5%. The fall in metal prices led to a decrease in quotations of steel companies. For example, ThyssenKrupp and Salzgitter paper have been taken down from its asset 2,1% and 2,7% respectively. Market capitalization airline Air Berlin has decreased by 1,25% as a result of a downgrade of its stock analysts, Royal Bank of Scotland Group to “hold” to “sell”.

Ukrainian Globalist
2010-06-05 18:57, Economics.

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