9/16/10

Stock Europe gone on closing in minus on data from UK

Leading European stock indexes declined on the basis of trading on Thursday against the backdrop of weak statistical data on retail sales in the UK, as well as negative trends on U.S. exchanges, according to data exchanges.

The British FTSE 100 has fallen on 0,28% to 5 540.14 points, the German DAX - on 0,20% to 6 249.65 points, the French CAC 40 - on 0,52% to 3 736.30.

"The second wave of crisis in the foreseeable future will not happen, but economic growth will be weak, - told the news agency Bloomberg strategist at Deutsche Postbank AG shares of Heinz-Gerd Zonenshain (Heinz-Gerd Sonnenschein). - Financial results for the III and IV quarters will not be as strong as in the previous two quarters, and the shares will be difficult to find support for growth. Market participants have taken a wait and see position. "

According to experts, the European stock indicators in early trading were under pressure from negative statistics from the UK. Retail sales in the country in August this year increased by 0,4% compared with August of 2009, but decreased to the previous month by 0,5%, which was much worse than expected. Analysts had expected growth in August on 0,3% compared with July and by 2% - in annualized.

In this case, a more significant compared to experts' forecasts growth of foreign trade balance surplus in the euro zone in July, as well as the successful placement of the Spanish government bonds with various maturities totaling $ 4 billion could not support the investor sentiment.

Later on Thursday a negative impact on the dynamics of the stock market indicator of the Old World had an opening of U.S. exchanges in the red zone against the backdrop of fears of low rates of recovery of the largest in the world economy. Market not reacted on moderately positive statistics by number primary nominations dole and prices producers United States.

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