Asia stocks fell before a vote on more provisions for a financial bailout. The agreement was finally approved and regional markets were flat
The Nikkei 225 was down 1.43% to 8,541. The Hang Seng slide 2.72% to 18,586. New data showed China’s inflation rate was slowing, but that means the economy is as well.
At the open in Europe, the FTSE 100 was off .15% to 5,476. The UK did not agree to be part of the new bailout agreement. The DAX dropped .3% to 5,857.
According to MarketWatch, bank shares reacted poorly to the news. Shares in Societe Generale and Credit Agricole along with those of BNP Paribas were off sharply.
The financial news site also reported that
British Prime Minister David Cameron said early Friday that he had decided not to participate in a deal proposed by Germany and France to amend the European Union treaty and bind the 27 EU members into a closer fiscal union. “What is on offer isn’t in Britain’s interests, so I didn’t agree to it,”
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