European Markets

European MarketsAlmost 90% of the total market capitalization of the worlds equity markets is accounted for by the market capitalization of the developed world.

European Trade Organizations

Council of Europe-has a particular emphasis on legal standards, human rights, democratic development, the rule of law and cultural co-operation2Equity MarketsPrimary MarketsShares offered for sale directly from the issuing company.

Secondary MarketsProvide market participants with marketability and share valuation.Major Stock ExchangesThe ClusterMichael Porter (1998) defines clusters as:"geographically proximate groups of interconnected companies and associated institutions in a particular field, linked by commonalities and complementaritiesCountrys Cluster

Cluster Map

Trade AgreementsEU

EFTA

CEFTA

This Convention provides for the liberalisation of trade among the member states.

7Potential Enlargement of EU

Main Economies

There are five official candidate countries, Croatia, Iceland, Macedonia,[nb 4][50] Montenegro and Turkey. Albania, Bosnia and Herzegovina and Serbia are officially recognised as potential candidates.[519Geographic InvestmentsA highly concentrated market5 countries do 84% of the total amount investedUK attracted 33% of investments

Global Presence

European MarketLargest consumer market in the world (500 million)27 member states following strict acceptance criteriaEU27 contributes one third of the worlds GDP Free movement of people, goods, services and capitalFree market economyThe European economy is lead by Germany, the largest exporter in the worldVideoSix countries signed the European coal and steel communitypool the industrys which were seen as the engines of war

12The European Stock MarketEASDAQ is a sort of a European NASDAQ that binds together national exchanges.

UK, Germany, France, Switzerland, Austria, Italy, Belgium, Denmark, Portugal, Finland, Greece, Luxembourg, and the Netherlands.

A lack of common securities regulations, even among the countries of the European Union, is hindering a single European stock market.Major European MarketsAmsterdam Stock Exchange

London Stock Exchange

Paris Bourse

Deutsche Brse (Frankfurt Stock Exchange)

As of 2008, NYSE Euronext manages a variety of exchanges, located in six countries.The company operates the world's most liquid exchange group, with nearly 4,000 listed companies, whichrepresents a total market capitalization of approximately $30.5 trillion. 15European Benchmarks

Global Output

Emerging markets do not need EUhave a lot of agriculture, commoidities, 17World Equity Benchmark Shares (WEBS)Country-specific baskets of stocks designed to replicate the country indexes of 20 countries and 3 regions.

WEBS are subject to U.S. SEC and IRS diversification requirements.

Low cost, convenient way for investors to hold diversified investments in several different countries.

Current Status of EULosing world market shareSpecially to AsiaOffering market access as leverageHoping developing countries will require accessNot enticing enoughDeveloping countries are competitive enough to access other global marketsCurrent Status of EUEU needs to set up effortsLiberalize markets, more market flexibility.Allow member companies to compete globally.Develop larger economic presence for Europe.Develop trade agreementsFacilitate trade

Sourceshttp://ec.europa.eu/trade/creating-opportunities/eu-and-wto/http://en.wikipedia.org/wiki/Future_enlargement_of_the_European_Unionhttp://www.investopedia.com/terms/e/euronext.aspQuestionsName Symbol

FT-SE 100 UKX

CAC 40 CAC

Frankfurt DAX Index DAX

IBEX Index IBEX

Milan MIB30 MIB30

BEL20 Index BEL20