• European stocks declined after Friday's growth

Market news

17 September 2012

European stocks declined after Friday's growth

Monday trading started in European indices decline after reaching 15-month high against the announcement of the beginning of the third round of quantitative easing.

The head of the Eurogroup Jean-Claude Yunkes European Stabilization Fund will be launched in October 2012. Planned to give the first three tranches of a total size of 32 billion euros.

The data on the trade balance evroozony seasonally adjusted for July was 7.9 at the forecast 12.3.

FTSE 100 5,900.77 -14.78 -0.25%

CAC 40 3,561.25 -20.33 -0.57%

DAX 7,395.78 -16.35 -0.22%

SSAB shares fell 8.5% after a decline in demand for the products. Paper Hennes & Mauritz AB decreased by 2.2% after the level of sales was lower than forecast. Vodafone capitalization decreased by 1.1% after the announcement of the creation of a reserve fund for the payment of taxes in India.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.