Annex A

History of the Crisis from 2007 to the Present

DATE 10 July 2007 The stock markets have recorded a substantial fall after the announcement of S&P ratings' cut, for more than $5 billion, of several securitisations having subprime mortgages as underlying.
COMMENTS ON THE DAY'S EVENTS INDEX VALUE VARIATION
1 DAY 1 WEEK
Stock markets have closed down in low volume trade after the news from America about the first difficulties regarding the subprime mortgages solvency. FTSE MIBDAX 30CAC 40IBEX 35FTSE 100EURO STOXX 50EURO STOXX BANKS (EU)HANG SENG 45SHANGAI 300NIKKEI 225SP 500 image 42039.00image 7964.76image 6019.22image 14823.90image 6630.90image 4474.15image 460.28image 22885.84 3775.62 18252.67 1510.12 -1.19 % ...

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