• European stocks down

Market news

13 November 2012

European stocks down

Investors reacted negatively to the decision of the eurozone finance ministers to delay the selection of Greece tranche until November 20. The country was to receive 31.5 billion euros, which would be enough to service the current debt.

Pessimism adds data on the index of business activity in the euro area and Germany from the institute ZEW. The index fell more than analysts had expected.

FTSE 100 5,722.17 -45.10 -0.78%

DAX 7,123.00 -45.76 -0.64%

CAC 3,381.85 -29.80 -0.87%

Vodaphone Group shares fell by 3.49% due to the decrease in revenues, as well as writedowns of 5.9 billion pounds ($ 9.4 billion) in Italy and Spain. Quotes Pirelli & C SpA decreased by 2.7% due to lower earnings forecast.


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