European stocks fell today, while reaching its lowest level in more than three months, which was associated with the publication of weaker-than-expected corporate reporting.

Investors are starting to be concerned about what rosy forecasts for higher profits in the second half of the year may not materialize. "There are doubts that the corporate sector is able to support the growth in order to justify the current level of capitalization" - believes economist Charles Stanley Betstoun Jeremy Carr.

Meanwhile, we add that the EU back fears of a new round of banking crisis, which is caused by the continuing deterioration of the situation of the second largest bank in Portugal Banco Espirito Santo.

Also attracted the attention of market data on unemployment in the U.S. in July. As it became known, the pace of hiring by American employers slowed in July but remained high, while employment growth was broad-based, indicating continued improvement in the labor market and the economy as a whole. Non-agricultural employment increased by 209,000 last month, and the unemployment rate rose to 6.2% from 6.1% in June. The unemployment rate fell by 1.1 percentage points from July 2013, when it was 7.3%. Economists had expected employment to increase by more 230,000 and the unemployment rate will remain at 6.1%. Employment rose by 298,000 in June, which was revised from earlier estimates of 288 000 and a gain in May was revised up to 229,000 from the earlier estimate of 224,000. Increase employment averaged 245,000 over the past three months, compared with an average of 209 000 for the 12 months ended in June. The July increase extends a series of observations, when non-farm employers added 200,000 more jobs for six consecutive months, the first time since 1997.

National benchmark indexes fell in 16 of the 17 western European markets that were open today. Markets in Switzerland were closed for a national holiday.

FTSE 100 6,679.18 -50.93 -0.76% CAC 40 4,202.78 -43.36 -1.02% DAX 9,210.08 -197.40 -2.10%

The value of shares ArcelorMittal, the world's largest steel producer, fell during trading up 6.2%. The company lowered its forecast EBITDA for 2014 to "more than $ 7 billion" with $ 8 billion

Paper French operator Iliad SA fell 6.9% after it became known that the company has made an offer to buy 56.6% stake in the fourth largest operator in the U.S., T-Mobile US, for $ 15 billion

Shares of Europe's largest construction company Vinci SA fell 6.4%. Vinci predicts a "small" decrease in revenues in 2014, whereas previously the French company expected that this figure "slightly change." Vinci profit excluding interest and tax payments in the first half of 2014 amounted to 1.54 billion euros, were worse than the average forecast of analysts at 1.63 billion euros.

Quotes insurance company Axa SA increased by 1.1% due to stronger-than-expected quarterly reports. In the first half net profit rose 22 percent - up to 3 billion euros, which was higher than expert estimates at 2.7 billion euros.

Paper Arkema SA fell 25 percent, registering the largest decline over the past 8 years. The company said it will be able to achieve its goal of sales and profit only in 2017 and not 2016 as previously predicted. We also learned that in the second quarter EBITDA was at 206 million euros, compared with forecasts of 234 million euros.

U.S. stock futures declined as data showed employers added more than 200,000 to payrolls for a sixth straight month in July.

Global markets:

Nikkei 15,523.11 -97.66 -0.63%

Hang Seng 24,532.43 -224.42 -0.91%

Shanghai Composite 2,185.3 -16.26 -0.74%

FTSE 6,669.38 -60.73 -0.90%

CAC 4,217.73 -28.41 -0.67%

DAX 9,243.29 -164.19 -1.75%

Crude oil $97.76 (-0.43%)

Gold $1285.40 (+0.32%)

(company / ticker / price / change, % / volume)

European stocks fell to their lowest level in more than three months as companies including ArcelorMittal and Vinci SA reported worse-than-forecast earnings. U.S. stock futures and Asian shares also declined.

A Markit Economics purchasing managers' index of euro-zone manufacturing was unchanged in July at 51.8. The median forecast of economists called for 51.9. A reading of 50 is the dividing line between expansion and contraction. A PMI index for the U.K. fell to the lowest level in a year, while a measure of manufacturing in Italy missed estimates, posting growth at the slowest pace in eight months.

A Labor Department report at 8:30 a.m. in Washington may show U.S. non-farm payrolls increased 230,000 in July, following a 288,000 gain in June, according to the median estimate of economists surveyed by Bloomberg. The unemployment rate in the world's biggest economy probably held at 6.1 percent, the lowest level since 2008, they forecast.

A separate report may show the Thomson Reuters/University of Michigan final index of consumer confidence in July fell to 81.8, from 82.5 in June. A third release may show the Institute for Supply Management's manufacturing index increased in July.

ArcelorMittal retreated 6.2 percent to 10.66 euros. The world's largest steelmaker predicted 2014 earnings before interest, taxes, depreciation and amortization in excess of $7 billion. It had previously forecast Ebitda of around $8 billion. The company said iron ore prices fell short of its expectations. ArcelorMittal also said second-quarter Ebitda climbed to $1.76 billion from $1.7 billion a year earlier. That missed the $1.84 billion average of analyst estimates compiled by Bloomberg.

Vinci retreated 6.6 percent to 48.22 euros. Europe's biggest builder forecast a drop in 2014 revenue, compared with an earlier projection of little change. Vinci also reported first-half earnings before interest and taxes of 1.54 billion euros ($2.1 billion), missing the median analyst prediction of 1.63 billion euros.

Iliad tumbled 7.6 percent to 190.40 euros after it offered $33 per share in cash for 56.6 percent of T-Mobile. The French mobile-phone carrier said it values the remaining shares of T-Mobile at $40.50 each. T-Mobile confirmed it received a proposal from Iliad. Its parent Deutsche Telekom AG considers the offer inferior to a separate bid by Sprint Corp., a person familiar with the matter said. Deutsche Telekom advanced 2.1 percent to 12.36 euros.

Axa SA gained 1.3 percent to 17.41 euros after France's largest insurer said first-half net income surged 22 percent to 3 billion euros, boosted by improved earnings from selling life insurance and savings products. That beat the 2.7 billion-euro average analyst projection.

FTSE 100 6,639.97 -90.14 -1.34%

CAC 40 4,187.68 -58.46 -1.38%

DAX 9,213.25 -194.23 -2.06%

Asian stocks slumped, extending the biggest global rout in six months that saw the Dow Jones Industrial Average wipe out this year's gains in one session amid weaker earnings and credit-market concerns.

S&P/ASX 200 5,556.4 -76.51 -1.36%

TOPIX 1,281.3 -8.12 -0.63%

SHANGHAI COMP 2,187.84 -13.73 -0.62%

Skymark Airlines Inc. sank 11 percent after Japan's third-largest carrier said it may go out of business should it have to pay Airbus Group NV a penalty for canceling the purchase of six A380 superjumbos.

Samsung Electronics Co. fell 3.8 percent in Seoul after UBS AG cut its rating on the stock.

Cheung Kong Holdings Ltd slid 4.4 percent in Hong Kong after the property developer controlled by billionaire Li Ka-shing posted profit that missed estimates.