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European stock markets suffer worst quarter since 2002

Sep 30th, 2011 09:53 by News

30-Sep (MyFiances) — European stocks suffered another day of dramatic falls on the final day of the most tumultuous quarter for the markets since the credit crunch and financial meltdown of 2008.

Indeed, the falls in the value of the European stock markets are even more severe than those suffered in 2008, though the overall effect is not as serious at the moment and the share indexes have not reached the lows they experienced at that time.

However, investors believe the situation could get worse before it improves.

For the third quarter of 2011, the German Dax and the French Cac share indexes have shed more than 25 per cent of their value in the last three months. The FTSE 100 has lost 14 per cent of its value in the same period.

PG View: Meanwhile, even with the recent retreat, gold is up 7.9% q/q.

Author key: MK - Michael J. Kosares; GC - George Cooper; PG - Peter A. Grant; JK - Jonathan Kosares; RS - Randal Strauss. [see also 12 yrs of Discussion Archives]

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