many banks are "oversold" region

European stock markets Thursday the sixth consecutive day down, sold for light, before Germany Meckel's Prime Minister reiterated his opposition to adjust position of the European Central Bank functions to alleviate the debt crisis.　　Meckel's concerned she is still opposed to the use of the ECB and the eurozone bonds in response to European debt crisis speech, market gains cuts. "To market delivered a speech on European Central Bank has notAny change in the short term is expected to be a clear message, "said Fund Manager Veronika AshburtonEuropeanequityfund. "The market is paying close attention to trends in the European Central Bank, because it is the only institution have capacity required to help improve the situation. The problem is that before action is taken, there will be much of a systemic risk."Banking shares because of its exposure to European sovereign debt concerns, reduced earlier gains.　　But in the past, 5th after contusion and laceration of 10%, many banks are "oversold" region, relative strength index on Wednesday almost 30, technical factors make the index rose 1% today. Before the price of Bank shares including swtor power leveling, Belgium Bank Dexia rose 27.9%, the previous methodState Secretary of the Treasury, secured the financing agreement will be reached within days.　　Portugal Bank shares fell sharply, after Fitch Ratings downgraded Portugal credit rating to junk status, due to its large fiscal imbalance scale, high levels of debt and save section planning concerns. A Reuters survey shows that economists downgraded the periphery of the next two years growth expectedAnd it is expected that these heavily indebted countries will take several years to get out of the crisis. Portugal PSI20 index closed down 0.　　9% the old republic power leveling, performance is less than the Pan-European blue-chip index FTSEurofirst300 index, which closed lower 0.3%, 899.5. United Kingdom's FTSE 100 Index closed down on Thursday 0.1%; Germany DAXOn Thursday closed down 0.4%, France the CAC40 index Thursday closed up 0.1%.