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Banks and Autos Drag European Stocks |
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Author: 123jump.com Staff
123jump.com
Last Update: 5:56 PM EDT April 21 2008
ECB President Trichet in its annual report 2007 said that the ongoing fiancial market is likely to persist as banks remain weary of lending each other. Banks in Europe and the U.S. are still heavily leveraged and are likely to suffer widening losses from the current U.S. credit market crisis. European stock markets fell as oil traded near record level. Autos and financials fell. Renault, Nestle, and Casino Guichard reported quarterly sales. |
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