Thursday, November 4, 2010

More troubles for banking stocks

Yesterday the stock market in spain had a big decrease in two quotes ( BBVA and Santander) with 3.52% and 3.45% respectively. It was caused because the BBVA bought a Turkish bank and the brokers are not very confident with this news and the Santanders CEO in Great Britain went to work with another bank. But this was not the only problem yesterday in the stock market, due to we are waiting for the decision for the Federal Reserve, it is spected that they will invest 600000 million in the bank system buying goverment bonds. It is calculated that this two banks moved at about 1002.84 million euros.
But there were also two good news in USA. In september the orders to the factories increased and index of service sector activity.

Ion Ander

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