Weekly decline of stocks was the highest since the summer of 2011


Moscow. January 11. European stocks last week fell to the maximum since August 2011, according to MarketWatch.

Including Friday, the indicators declined in line with the continuing fall in oil prices that outweighed optimism from positive data on the US labor market and some easing of volatility in the Chinese market.

The composite index of the largest enterprises of the region Stoxx Europe 600 trading results declined 1.5%. At the same time this week he fell 6.7%, the biggest decline since August 2011, when investors were concerned about debt crisis in the Euro area and the deterioration of the US credit rating.

The German DAX last week fell by 8.3%, a record since August 2011. On Friday, the benchmark slipped 1.3%.

The CAC 40 this week lost 6.5 per cent, including on the last business day 1.6%, and British FTSE 100 is respectively 5.3 per cent and 0.7 per cent.

Stock quote Credit Suisse Group on Friday, fell 3.7% after the Swiss Bank re-issued financial statements to reflect the restructuring announced last year.

At the same time, the price of securities the British supermarket chain Tesco have jumped by 5.5%, following the improvement recommendations to them by analysts at Barclays to “outperform” from “market performance”.