JPMorgan buys Bear Stearns to balance

Major European stock markets, after a first negative departure continue to decline. In fact a bit 'all fall in morning around 3 percent. Sure it weighs a surprise cut in the discount rate by the Fed, the whole then, is to be calculated, Ã ¨ was linked to the advertiser of 'buying at rock bottom prices of Bear Stearns by JPMorgan, which reinforced fears of a widening of the crisis in financial in the U.S.. The situation was, shortly after 11, the following: in Milan the Mibtel yielded 2.54% and Frankfurt's DAX receded by 3.8 percent. In London the FTSE yields 2.6 percent, the CAC 40 in Paris slipped 3 percent. Badly with the bank UBS, Royal Bank of Scotland and Barclays all to -8% and HBOS and Alliance & Leicester down more than 11%.

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