Ghost German clouded by Wall Street – Express

Wall Street and Nasdaq end up closing in the red. This Thursday, the Dow Jones 30 has lost 1,07% and the S&P 500 decreased by 0,85%. The general index of the Nasdaq (the stock exchange of technology) dropped by 0,93%.

the volatility of The stock market, as measured by the index VIX relative to the S&P 500, rose m 15.25%. The situation of major German banks hovered over the square in New York city. On the New York Stock Exchange (NYSE), the shares of Deutsche Bank (subsidiary in the us) came the sinking 9.1% and closed with a loss of 6.7%. The market was shaken by the news from Bloomberg that 10 funds high-risk have reduced their exposure to the German giant.

The index for the financial sector, the S&P 500 Financial Index has lost 1,49%.

The increase of 2% of the price of a barrel of oil of Brent is not able to neutralize the crisis of the banking in germany and its spread to Wall Street. The price of Brent crude closed at 49,70 dollars and already went up 8% in two consecutive days because of the positive impact of the agreement on the establishment of a ceiling of monthly production in the informal meeting of the OPEC in Algiers on Wednesday.

the Fall of the Commerzbank in Frankfurt

european stocks ended close 'mixed', with Frankfurt and Zurich are closed on the ground negative. The index Eurostoxx 50, of the fifty major listed companies in the euro zone, closed slightly below the water line.

The index DAX German lost 0.3% on Thursday. Leading the falls in the square germanic was the Commerzbank, whose shares have lost this Thursday up 3.1%, and already fell by 8.1% during the week.

Deutsche Bank (DB), which has been in focus in Monday and Tuesday having lost, then, to 7.5% at the Frankfurt stock exchange, recovered by 3% in the two following sessions. Loss weekly of the largest bank in German it is 6.6%. The DB is considered by the International Monetary Fund the bank of greater systemic risk to the global scale.

According to analysts, the germans, the crisis of the DB and Commerzbank poses complex problems of political management on the part of the government of chancellor Angela Merkel. The German ministry of Finance has contradicted news reports that the federal government would be to prepare a rescue plan.

The London stock exchange topped the climbs in the major european markets, with the FTSE 100 recorded a gain of 1.02%.