Bucharest Stocks Open Lower On Negative Sentiment
Bucharest shares opened lower Tuesday, tracking international stocks, which traded down following Standard & Poor’s warning that it could cut its ratings on 15 out of 17 euro-zone nations because of systemic stress in the region.
S&P Monday placed 15 countries in the euro area under negative watch and said their ratings could be lowered following this weekend’s European summit, where leaders are expected to announce new measures to fight the sovereign debt crisis.
At around 10:40 hours, Bucharest bourse’s composite index BET-C was down 0.6%, while the main index BET was losing 0.51%.
BET-FI index, which tracks the SIFs and investment fund Fondul Proprietatea (FP.RO), was down 0.81%, while the wider BET-XT declined 0.63%.
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