Monday, July 5, 2010

European close: Economic woes weigh

Date: Monday 05 Jul 2010
Europe’s top stocks closed slightly lower as investors were fretting once more about a slow-down in global economic growth.

Across the markets, the Dax in Frankfurt closed 18 points lower at 5,816, while the Cac in Paris dropped 16 points to 3,332. The Swiss market has fallen 32 points to 5,974.

Banks were among the fallers, with 
Credit AgricoleBNP Paribas and Commerzbank all in the red.
BP rallied on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf disaster. The cost of the clean-up has now exceeded $3bn.

On the economic front, Markit’s final eurozone Services Purchasing Managers' Index fell to 55.5 in June, having reached a 33-month high in May.

Retail sales across the 16-nation eurozone rose less than expected in May, new figures from the European Union statistics office show. Sales increased 0.2% from April and 0.3% from last year, according to Eurostat. Economists had forecast a 0.4% monthly increase.

Total retail trade increased in thirteen and declined in six member states. The highest increases were observed in Denmark (+3.8%), Poland (+3.5%) and Estonia (+1.7%), and the largest decreases in Malta (-3.8%) and Portugal (-0.8%).

Retailers
 CarrefourMarks & Spencer and Metro were on the rise.
CAC 40 - Risers 
Carrefour (CA) € 33.07 +2.91%
EADS (EAD) € 16.17 +2.37%
Suez Environnement Company (SEV) € 13.35 +1.37%
France Telecom (FTE) € 14.37 +1.16%
Vinci (DG) € 33.87 +1.12%
PPR (PP) € 97.93 +0.71%
ST Microelectronics (STM) € 6.38 +0.62%
Societe Generale (GLE) € 33.03 +0.40%
Saint Gobain (SGO) € 30.06 +0.17%
Essilor International (EI) € 47.88 +0.16%
CAC 40 - Fallers 
Accor (AC) € 22.77 -3.23%
Technip (TEC) € 46.01 -1.85%
Air Liquide (AI) € 79.85 -1.81%
Dexia (DEXB) € 2.75 -1.79%
BNP Paribas (BNP) € 43.45 -1.71%
Unibail-Rodamco (UL) € 127.15 -1.55%
ArcelorMittal SA (MT) € 21.33 -1.52%
Lagardere SCA (MMB) € 24.51 -1.45%
Credit Agricole (ACA) € 8.16 -1.27%
AXA (CS) € 12.24 -1.25%

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