• Major stock indexes in Europe down

Market news

18 September 2012

Major stock indexes in Europe down

European stock indexes began trading lower. At the end of this affected euphoria over the start QE3, slow pace of China to take measures to stimulate economic growth, unrest in China, which led to the suspension of the Japanese factories in the Chinese territory, the protests in Spain against the budget measures.

Currently already published data on the sentiment index in the business environment of the euro area institution ZEWza September. Figure was -3.8%, forecast -16.3 points. The value of the same index for Germany was -18.2 -19.4 points at the forecast.

Today, the focus of the market is the upcoming publication of data on the U.S. balance of payments for the II quarter, net purchases of U.S. securities by foreign investors in July, and the index of the state of the U.S. housing market by NAHB in September.

FTSE 100 5,842.53 -50.99 -0.87%

CAC 40 3,506.34 -47.35 -1.33%

DAX 7,322.37 -81.32 -1.10%

Shares of Akzo Nobel NV, fell to eight-month low after CEO Ton Beuchner went on sick leave. Paper Aviva Plc fell 4.5% after analysts downgraded the shares. Renault SA capitalization fell due to lower vehicle sales in August. Shares of Unilever and Diageo Plc rose 1% after analysts raised their rating on the stock.

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