BAGS EUROPA – Indices falling, banks mixed after fines for … – Reuters Italy

       

 INDEX CLOSE AT 11.10% VAR. 2013 EUROSTOXX50 FTSEUROFIRST300 1352.66 3077.76 -0.86 3019 -0.45 -0.95 1316.39 187.86 194.21 STOXX STOXX BANKS OIL & amp; GAS INSURANCE STOXX 335 316.5 0.2 241.91 CAR 228.22 458.24 -1.29 -0.31 STOXX STOXX TLC 481.95 311.01 288.59 -0.41 -0.02 297.6 STOXX TECH 290.51 PARIS, November 12 (Reuters) – European stocks retrace the limited gains yesterday, with HSBC loses ground after authorities in the field have fined five major banks for alleged agreements on the exchange market. British and US authorities have fined UBS, Citigroup, HSBC, Royal Bank of Scotland and JP Morgan for a total of $    3.4 billion, approximately EUR 2.73 billion as a result of a scandal that has clouded the  largest the world market. At about 11.10 the FTSEurofirst 300 marks a decline of 0.45% to 1352.66 points. At the European, Frankfurt yields 0.91%, 0.42% London, Paris 0.65%. “The fines are not that high compared to others that have hit a number of banks recently, and overall the market has become accustomed,” said Frederic Rozier, fund manager of Meeschaert. “But it reassures investors sull’outlook for the banking sector. There are growing concerns in Europe about the pressure on the banks and the question of whether the transmission of the ECB’s measures to support lending work.” Among the titles featured: HSBC and Royal Bank of Scotland lost respectively 0.9% and 0.5%, while JPMorgan and Citi fall of 0.9% and 0.15%. Barclays leaves on the ground for 1.6%. It was expected that the British bank fell in the agreement, but the Fca announced that the school continues its investigation. Going against UBS, to about 0.4%, with traders who argue that the  fine has already been called into account. The oil services group SBM Offshore NV has risen to nearly 19.5% after an agreement of 240 million dollars with the Dutch authorities in an investigation into alleged bribes to government officials. The supermarket chain J Sainsbury has lost about 4.5% after announcing a reduction in spending to fund the cut in prices. On www.reuters.it other news Reuters in Italian. The top news also on www.twitter.com/reuters_italia