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Monday, January 20, 2014

European stock markets fell



European stock markets fell


 Shares in the European capital markets trade slightly lower on Monday as investors digested a variety of data from China , while Deutsche Bank shares led the slowdown after announcing surprise quarterly loss .

The Stoxx Europe 600 Index fell 0.1 percent to 335.50 , after closing in positive territory for the second consecutive week on Friday .

U.S. stock markets were closed to mark Martin Luther King Jr. Day . U.S. stock futures , which opened for trading until 11:30 am Eastern time , a little weakened .

Shares of Deutsche Bank AG slid 5.4 percent after the bank was on Sunday reported a loss before tax - unexpectedly - in the fourth quarter , due to increased litigation costs and valuation adjustments .

Wall Street Journal reports that the German banking regulator BaFin sending investigators to the office of Deutsche Bank as part of an investigation into the currency - rigging ( currency fraud ) .

Peugeot SA shares slumped 11 percent after the automaker 's board of directors approved a capital increase chances 3 billion euros ( 4.1 billion dollars ) .

Investors weigh carefully the data from China . China's gross domestic product growth in the fourth quarter showed slowing , while growth in industrial production in December fell more than expected .

Among the country-specific indexes in Europe, the German DAX 30 index fell 0.3 percent to 9715.90 , boosted sentiment Deutsche Bank .

French CAC 40 index slipped 0.1 percent to 4322.26 , while the London FTSE 100 index closed up 0.1 percent at 6836.73 .

London 's benchmark index was lifted by news that the International Monetary Fund plans to boost prospects in the UK this week to 2.4 percent growth in 2014 than previously estimated that only 1.9 percent , according to Sky News .

Shares in Royal Bank of Scotland Group PLC fell 1.3 percent in London after JP Morgan Cazenove cut its rating from neutral into the bank under consideration .

Deutsche Bank said the luxury goods sector should grow by 2014 to contribute to growth of 8 percent and 12 percent increase in earnings per share , thus quoting Market Wacth .

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