The European markets started today with small losses, trying to find a direction amid pressure from the energy industry and the results of listed companies for the second quarter.
The British FTSE 100 index fell by 0.13% at 6,542 points, the German DAX recorded a fall of 0.20% at 10,918 points and the French CAC 40 moved downwards by 0.22% to 4,974 points.
STOXX 600 index fell by 0.19% at 386.53 points.
On the dashboard, Chocoladefabriken Lindt & Spruengli AG (SIX:LISN) recorded profits of 2.8%, as the company confirmed its 12-month profit targets after the increase by 15.6% that was recorded in the second quarter.
Also, British Persimmon (LONDON:PSN) rose by 1.2%, after the better than expected results that were announced in the first half of the year. Its profits rose by 45% at £237 million.
Finally, Glencore (LONDON:GLEN) gained by 1.8%, as it became known that Harris Associates increased its stake in the share capital of the company, with the buying of shares in the last 30 days.
Fine Of $180 million To Citigroup (NYSE:C) For Fraud
A fine of $180 million was imposed to Citigroup, which was found guilty by the US Securities and Exchange Commission (SEC) for fraud against investors in 2008.
According to MarketWatch, Citigroup defrauded investors during the financial crisis of 2008 by urging them to invest in two funds (ASTA / MAT and FALCON).
Citigroup, according to SEC, reassured investors by hiding the risks involved and said that these funds were sufficiently capitalized.
The damage from the collapse of the two funds was amounted to $3 billion and affected 4,000 investors.