The French Rating May Be Lowered By &Nbsp; The European Stock Index Fell 3.75% On Wednesday.

There are market rumors that France's top AAA credit rating may suffer. Reduction The news triggered a sharp upheaval in the French stock market, with the banking sector plummeting and dragging down the overall performance of the financial sector in the European stock market. The European stock market reversed a sharp increase in early trading, eventually plunging, with the European stock index falling by 3.75%.

Pan-European Dow Jones The index closed at 223.50 on Wednesday, down 3.75%. The index rose more than 2% in early trading.

At the close of the European stock market, the Dow Jones Industrial Average fell more than 400 points, or more than 3.5%. The main index of the US stock market was maintained by the Federal Reserve on Tuesday by ultra-low interest rates, at least until mid 2013, while its encouragement rate rose nearly 4%, but on Wednesday it opened lower and continued to fall.

Mike Langhoff, chief strategist of Mike Lenhoff, said in his client's report that "the sustainability of debt has spread to Italy, Spain and even France. This should be a long-term burden on the European stock market. "

French banking stocks fell on the European stock market on Wednesday, while GLE and BNP declined by 14.74% and 9.47% respectively, while the decline of ACA in Paris was 11.81%. The collapse of the French banking sector dragged down the French CAC 40 index by 5.45% to 3002.99 points.

Sources who did not want to disclose their identity said that the market was on that day. Hearsay France's top AAA credit rating is likely to be downgraded, he said. Doubts about the prospects of the French credit rating have not dissipated after the rating agency Standard & Poor's downgraded the US AAA credit rating; the cost of swaps guaranteed for French government debt has been rising since then. Earlier Wednesday, French President Sarkozy announced a planned ministerial meeting and asked the president of the French central bank to attend to discuss how to deal with the current financial situation.

Bank shares in Italy and Spain fell sharply: UCG in Italy fell 9.37%, while St Paul Commercial Bank (ISP) fell 12.35%: the Italy financial times MIB index fell 6.7% to 14676.04 points. Santander Bank of Spain (SAN) fell 8.33%: Spain's IBEX 35 index closed at 7966 points, or 5.49%.

For other regional indices, the German DAX 30 index fell 5.13% to 5613.42 points: HEN3, the chemical giant, reported good results in the second quarter, and announced that it would increase sales revenue expectations. Price of stock Up 2.7%; EOAN, a utility company, said the plan to shut down the nuclear power plant could lead to a reduction of 11 thousand jobs, and announced a drop in dividend payout and profit expectations, with shares dropping 10.86% and the same group's Rhine group (RWE) down by 9.7%.

The FTSE 100 index fell 3.05% to 5007.16 points: Standard SL (life) was better than market expectations, and shares rose 5.74%; Barclays BARC (ESSR) fell 8.2% with financial stocks, while ESA energy company withdrew its recommended purchase assessment by Goldman Sachs Group and shares fell 12.60%.

According to other companies, KCO, the German steelmaker, did not perform well in the second quarter, and its share price plummeted by 25.19%.