Recession fears pushed global stock markets to experience a major decline on August 5, Monday with Japan's Nikkei dropping 13%, STOXX 600 3%, and Nasdaq futures 5%.
STOXX Europe 600
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London's FTSE 100 rose on Wednesday to reach record high. European shares continued its rally led by mining stocks as China reported increase of export.
Stoxx Europe 600 Index continued last week's gain. The index sets a new course for the first back-to-back advance in two weeks.
Crédit Agricole SA has been widely criticized for its complex cross-shareholding between listed entity and cooperative parent banks. Finally it has announced plans for simplification of its capital structure. The French Green bank has also announced dividend of €0.60 per share while recording €882 million in net profit.
U.S. stocks bounced back after being dragged down on Wednesday by volatility in China. Global market followed to regain, while oil price began to stabilize.
European stocks dipped on Friday, with regional indexes pausing just below recent multi-year highs as investors looked to the January U.S. non-farm payrolls report due later in the session.
