Trading in stocks in Europe on Monday, October 4, open reduction of the leading index. Negative moods were caused by the threat of players slowing global economic recovery and distribution in Europe of the second wave of recession. Throughout the session, the players get rid of risky assets, which led stock indicators into negative territory. Negative added correction in oil prices and depreciation of most metals. Weak opening of trading on the American markets and disappointing U.S. macroeconomic statistics have enhanced the sales of European stock exchanges by the end of the day. Up to the day the French CAC 40 index fell 1.15% to 3,649.81 points, the German DAX - on 1,24% - to 6134.21 points, the British FTSE 100 index - on 0,66% - to 5555.97 points . Amid fears of slowing global economic growth among the leaders of the negative dynamics of papers were again automakers. Paper BMW lost 2,79%, Peugeot - 3,69%, Renault - 3,53%, Daimler - 3,58%. Reduction of completed trades shares of oil and mining companies.
On Monday, the focus was the pharmaceutical sector. French pharmaceutical company Sanofi-Aventis began a hostile takeover of U.S. rival Genzyme, the world's largest producer of drugs for the treatment of genetic diseases. At the same time Sanofi has left unchanged the price per share Genzyme - at $ 69, so evaluate the company at about 18.5 billion dollars be confirmed also that the equity premium Genzyme (49,86 dollars), calculated on the closing Sale 1 July 2010. when the deal was not yet known, will be 38%, and premium to the average price per month will be almost 31%. The proposal received unanimous support from the board of directors of French companies and will operate until 10 December 2010. Sanofi-Aventis also clarified that on Monday the details of the transaction will be made available to the Commission on the Securities and Exchange Commission (SEC). Shares of Sanofi-Aventis fell 0.58%.
Special Commission of the Government of Switzerland has established the necessary level of capital adequacy for the two largest national banks - UBS and Credit Suisse. According to released on Monday and agreed with the Central Bank and the chief regulator of FINMA decree, equity must constitute 19% of the total assets of credit institutions, whereas under the new banking standards, "Basel III" this figure should be at around 10.5% . Experts have come to believe that the bankruptcy of financial institutions could potentially have a devastating impact on the country's financial system, but decided it was time to replace the solid state guarantees for more stringent capital requirements. However, this provision may still not agree to the cabinet of the country. It was after the vote, the Swiss Government, the bill can conceive virtue. Against this background, stock quotes, UBS declined to 0,48%, Credit Suisse rose to 0.38%.
Industrial prices in the area of treatment of the single European currency (euro) in August 2010. increased compared with the previous month by 0,1%. These data are released on Monday, the European statistical agency Eurostat, reports news service RBC. Analysts had expected a monthly basis, this index increased by 0,2%.
