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HSBC cuts 30,000 jobs Oil and banks weighed down the markets on Wednesday, which were all down across Europe, and things were not much better on the other side of the Atlantic..
The shine is coming off off the last two months rise on the Footsie Eurofirst 300 index of over 35 percent, up from its alltime low. Abu Dhabi selling an 11 percent stake in Barclays saw its shares lose another five percent on top of yesterday’s 13.5 percent slump, and Societe Generale, Deutsche Bank and HSBC also did badly. Commodities were hit by profit-taking, as mining shares also suffered. Carmakers also lost ground and Vodaphone lost five percent after going ex-dividend.More about: Banking, Markets, MiningCopyright © 2012 euronews
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