Archived IMT (2009.04.27)

European equities open lower, shrugging the rally in Tokyo as both BNP Paribas and Societe General open 5% down on reports that the SocGen wrote down 5bln in assets last year. Large airline stocks also hit hard on the Swine flu fears. Cable extends losses to $1.4515 after sending a sharply negative sign on Friday (ending lower on the day and the week) despite an intraday high of $1.4774. JPY leads the winners, followed by USD and CAD. Gold nearing $920 target