How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
...you can learn Spanish at a variety of locations across Spain, online or residential and day courses in Spain?
Regardless of your standard, and whatever level you wish to reach Don Quijote has a program to suit your needs!
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily Brief - Monday 14 April 2014
- The Vegetarian Barbeque and the Unholy Sex
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Pensioners 'misled' by Co-op Bank
- UK Inflation no problem for Governor Carney
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
European shares fall as Greece, Spain worries grow
European shares fell to a four-month low on Wednesday as growing political uncertainty in Greece and concerns over the Spanish financial system hit markets, with traders and analysts saying central banks might have to pump more liquidity into the system.
The FTSEurofirst 300 index ended down 0.3% at 1,014.46 points. The index pared back some of its earlier losses towards the end of the session, but still finished at its lowest close since Jan. 9 when it ended at 1,008.69 points.
The Spanish stock exchange dropped by 2.8%, as uncertainty over the final cost of a government plan to save its troubled banking system hit markets.
Fears that Greece may leave the euro zone also continued to weigh on sentiment, after some Greek parties which did well in elections over the weekend rejected the terms of the country's EU/IMF bailout programme.
"Every day that goes by seems to make it more likely that Greece will split from the euro," said Edward Allen, a partner and fund manager at Thurleigh Investment Managers.
Allen said Thurleigh, which manages around 300 million pounds ($485 million) worth of assets, was underweight on European equities, preferring instead to hold American and Asian shares due to the better economic prospects in those regions.
MORE QUANTITATIVE EASING ?
Britain's FTSE 100 index fell by 0.4 percent, France's CAC-40 index shed 0.2% although Germany's DAX ended up 0.5%, helped by record monthly levels in German exports and imports.
The FTSEurofirst index has now given up much of the gains made after the European Central Bank first pumped hundreds of billions of euros worth of cheap funds into the banking system in December, and traders said a new round of emergency funding for banks might be needed.
"The central banks will not allow another banking crisis," said Adrian Redmond, senior trader at London-based firm JN Financial. The Bank of England, which meets on Thursday, may come under pressure to extend its asset-buying programme, designed to inject liquidity into the financial system, although inflationary worries may also deter it from another bout of quantitative easing.
The Euro STOXX Volatility index briefly reached a 2012 high of 33.28 points on Wednesday, indicating growing investor fears over the economy and expectations that stock markets will fall further, before ending down 0.4%.
"I am going long on volatility and buying puts on major indices," said Akshay Kapoor at Gekko Global Markets.
A put option gives the purchaser the right to sell a security for a specified price at a certain time and is often used by investors to protect themselves in a falling market.
Adrian Slack, head of equities at Bastion Capital, said there might be some short-term rallies in European stock markets but the longer term picture looked negative for them.
"The market looks oversold on the short-term, but for the longer-term it looks on the downside," said Slack.
Latest News & Stories
- Spain Unemployment to take decade to recover
- Less vehicles in Spain travel toll roads
- Spain approves coal subsidies ahead of shutdowns
- Spainís roads in worst condition since 1985
- Study reveals food and family main reasons behind expat repatriation
- Guardia Civil 'Brit Torturers' face 26 years
- Independent Catalaonia would not become EU member : Brussels
- Five Spanish regions top EU unemployment table for 2013
- Bank of Spain denies report of stress tests this month
- Expats capitalising on rising UK house prices
- What is the Euribor ?
- Applying for a Business Loan
- Applying for an EU Grant for your Business
- Bank Charges in Spain