Western Europe – Markets fall over 1% after series of profit warnings from European companies. Muencher Re falls over 10% after S&P downgrade. Market rumours Goldman`s report targeting EUR 45 as FV.
Iraq and length of war still weigh on the market, investors might want to close long positions ahead of the weekend. Reports on unknown lethal pneumonia from Hong Kong do not help the market either. Rumours on potential ABN / Nordea merger.