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Category: Money

French Banks: Leading a Global Rebound

Written on August 11, 2011 by Japhet Writ

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Last Wednesday, no news is good for the French banks, as the Societe General pulled back to 4.6%.

Last Wednesday morning, was trading up 6.5% before pulling back to 4.6%. The move comes after its devastating 15% plunge last Tuesday. However, the Credit agricole was up to 5.7%

As for the Asian markets, the stocks looked relatively good with recovering from a 2.2% down to 0.63%. The gainers were led by Shanghai at 1.27%.

In the European market, all were up after a brutal selloff last Tuesday. The and increased to 2.61% and 2.63% respectively.

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