• European stocks retreated

Noticias del mercado

13 febrero 2014

European stocks retreated

European stocks retreated, with the Stoxx Europe 600 Index halting its longest winning streak of the year, as companies from Rolls-Royce Holdings Plc to BNP Paribas (BNP) SA reported results. Asian shares and U.S. index futures fell.

The Stoxx 600 dropped 0.6 percent to 330.11 at 10:09 a.m. in London. The gauge jumped 4.5 percent in the six days through yesterday, with comments by Federal Reserve Chair Janet Yellen fueling optimism the economy can weather further stimulus cuts. Standard & Poor’s 500 Index futures fell 0.4 percent, and the MSCI Asia Pacific Index declined 0.9 percent.

A U.S. Commerce Department report at 8:30 a.m. New York time may show that retail sales were unchanged in January, after rising 0.2 percent the previous month, according to the median economist forecast in a Bloomberg survey. Separate data will probably show that initial-unemployment claims dropped to 330,000 in the week ended Feb. 8 from 331,000 the prior period.

Rolls-Royce tumbled 13 percent to 1,051 pence. The maker of commercial-jet engines said 2014 revenue won’t increase because lower demand for defense equipment cuts into civil-aviation sales. The company reported that pretax profit excluding hedging and some one-time items rose to 1.76 billion pounds ($2.9 billion) in 2013, while sales advanced 27 percent to 15.5 billion pounds.

BNP Paribas retreated 4 percent to 58.39 euros. Net income fell to 127 million euros ($173 million) from 519 million euros a year earlier after the lender set aside $1.1 billion tied to a review of payments to parties subject to U.S. economic sanctions. That was the lowest quarterly result since 2008, and it missed the 1.02 billion-euro average analyst estimate.

Nestle, the world’s largest food company, slipped 1.6 percent to 66 Swiss francs. The company projected that revenue will rise about 5 percent this year excluding acquisitions, disposals and currency shifts. Nestle also reported the smallest annual sales advance in four years amid sluggish spending in developed markets.

FTSE 100 6,630.18 -44.85 -0.67%

CAC 40 4,291.45 -14.05 -0.33%

DAX 9,520.66 -19.34 -0.20%

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