Those with investments in European markets will have seen a fall in the indices after shareholders rushed to sell off stock.
According to City Index, the profit-taking was triggered by a share price downgrade of Goldman Sachs by Meridith Whitney Banking Associates, causing a one per cent drop for investors holding on to their stocks yesterday (October 13th).
However, the market analyst believes that this is a sign of an improving investment environment as there has been no change in sentiment and equities have rallied well.
Joshua Raymond, market strategist at City Index, said: "There is certainly a degree of anticipation and investors may be refraining from showing their cards until key US companies such as Intel, JP Morgan, Citigroup, Goldman Sachs and Google announce."
Assets management firm Threadneedle recently said that the news of the Social Democratic Party of Germany's fall from power could be positive for those making investments into the European markets.
European indices fall after investors cash in
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European indices fall after investors cash in
Wed, 14 Oct 2009
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