• European stocks traded in different directions

Market news

3 October 2012

European stocks traded in different directions

European stock markets have reacted negatively to the fact that the Spanish Prime Minister Mariano Rajoy denied the necessity of recourse to the European Union. Thus, the prime minister has denied rumors that Madrid can apply for financial support from Brussels is the 6-7 October.

Little impact on the bidding had data on the index of business activity in the services sector Eurozone, France and Germany. Negative trend shows retail sales in the euro area in August year-on-year (-1.3%, the forecast of -1.9%).

To date:

FTSE 100 5,806.22 -3.23 -0.06%

DAX 7,316.72 +10.86 0.15%

CAC -3,408.23 -6.00 -0.18%

Tesco Plc shares fell 1.3% after the largest riteylr in Britain reported the first decline in profits over two decades. Quotes rail operator FirstGroup after the company lost its main route of the country. Airline EasyJet Europe's gained 3.5% in view of the fact that profit exceeded forecasts.


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.