• European stock indices are trading in the red

Market news

21 February 2013

European stock indices are trading in the red

European stock indices show a decline due to the fact that market participants are worried that the Fed will turn off a program to purchase assets, which appear to have a negative incentive measures of the U.S. economy, despite the publication of the Fed minutes, which adds to the positive investor sentiment.

The focus of the market is a publication of statistical data on the index of producer prices, the U.S. labor market, as well as the Philadelphia Fed manufacturing index.

To date:

FTSE 100 6,300.86 -94.51 -1.48%

DAX 7,614.13 -114.77 -1.48%

CAC 3,653.78 -53.38 -1.58%

Axa SA shares fell by 3.1% due to the fact that the profits of the company up to 2012 is not exceeded analysts' estimates.

Market quotes Straumann Holdings AG fell 3.3%, the profit for the fourth quarter was worse than analysts' forecasts.

The market value of Swiss Re increased by 2% on the basis of information that the company will pay shareholders a special dividend of $ 2.8 billion


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