European shares drop, Scotland independence weighs . . . . . . . . . . . . European shares slipped for a fourth straight session as concerns about a possible independence to Scotland from the United Kingdom continued to weigh on risk appetite. For first time since the beginning of referendum campaign, a poll results showed that rise in yes votes to 51 percent and drop on no votes to 49 percent. Mark Carney said the BOE may raise interest rates by spring next year as wage growth starts to recover. As of 13:45 GMT, Carney as well as other MPC Members will speak in parliament, where investors may wait for comments regarding Scotland independence issue. As of 07:13 EST, STOXX EUROPE 600 slipped 0.14% to record 344.40 points. Consumer Discretionary led the decline with a drop of 0.43%, where the largest losses were recorded by Admiral Group as its shares plummeted 4.40% to 1237.00 GBP. The largest gains, on the other hand, were led by Gamalto as its equities rose 4.49% to 76.02 EUR. Regarding other major European indices, France’s CAC 40 index soared 0.02% to 4453.18 points, and FTSE 100 increased 0.11% to 6836.51 points. Germany`s DAX 30 plummeted 0.04% to 9706.87 points. #egyptyard
Posted on: Wed, 10 Sep 2014 12:06:58 +0000
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