German Chancellor Merkel: The finance ministers are working on the details of a banking supervisory authority

Market news

18 October 2012

German Chancellor Merkel: The finance ministers are working on the details of a banking supervisory authority

Merkel does not expect that the upcoming summit will take important decisions
Leaders agree that they have to work fast to create the banking supervisory authority

European stocks closed in plus: FTSE 100 5,917.05 +6.14 +0.10%, CAC 40 3,535.18 +7.68 +0.22%, DAX 7,437.23 +42.68 +0.58%

Gold futures declined for the first time in three days

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