12/12/13 Market Movements

The FTSE closed down 67.33 points at 6,440.39 as investors showed their concerns about an imminent scaling back of U.S. stimulus.

Stock movements
No movements to report today.

 

Market news
The Slovenian Government were on the defensive today insisting it would not need an international bailout after revealing a €4.8bn capital shortfall in its banking system.

The Slovenian Finance Minister insisted they intend to inject €3bn into their three largest banks which will give the banks a tier one capital ratio of 15 per cent (well beyond the 9 per cent required under EU rules).

Many international officials belief the €3bn injection will squeeze the countries financial resources and may have future repercussions.