• Major stock indexes in Europe are mixed

Market news

6 January 2014

Major stock indexes in Europe are mixed

European stocks traded mixed a little ahead of the release of U.S. data on business activity in the services sector. Meanwhile, we add that the course of trade influenced the Chinese report, which pointed to a deterioration in the non-manufacturing activity . U.S. index futures are little changed , while Asian shares declined.

The data showed that the expansion in the non-manufacturing sector in China has slowed moderately in the last month , against which the corresponding index reached its lowest level since August 2011 , which was mainly due to the weakening of the inflow of new labor. It became known from the study , which was conducted by Markit Economics and HSBC.

According to the report , the business activity index for the services sector amounted to 50.9 points in December , compared to 52.5 points in November. The latter result was largely in line with the results of a survey conducted by the All-China Federation of Logistics and Purchasing and the National Bureau of Statistics last week, which showed a sharp slowdown in China's non-manufacturing sector .

In addition, it was reported that the composite PMI from HSBC, which measures the efficiency in both sectors , namely manufacturing and the services sector fell in December to 51.2 points , compared to 52.3 points in November ( eight- max). On such a result is affected mostly weak pace of growth of production and new orders.

Note that service providers have signaled a modest growth rate of new orders in December , which was the weakest in the past six months.

The Stoxx Europe 600 Index fell 0.2 percent , after it ended last week virtually unchanged.

Report on the United States is forecast to show that the index of business activity in the service sector from the Institute for Supply Management rose to 54.6 last month from 53.9 in November. Separate release may show that factory orders world's largest economy grew by 1.8 percent in November , compared with a fall of 0.9 % a month earlier .

Cost Remy Cointreau fell 4.1 percent , after experts Natixis downgraded the stock to the level of " neutral" from "buy" , as Frederick Pflanzen resigned. He served as Chief Executive Officer.

Edenred shares fell 4.2 per cent , against the background of the fact that Natixis downgraded the stock to ' neutral ' from ' buy '.

The cost of John Wood Group Plc fell 2.6 percent after analysts at Deutsche Bank AG downgraded the shares to " hold " from " buy," citing a lack of potential factors and limited profit potential for earnings growth next year.

At the current moment

FTSE 100 6,727.18 -3.49 -0.05 %

CAC 40 4,249.34 +1.69 +0.04 %

DAX 9,450.63 +15.48 +0.16%

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