European stocks decline on Monday on fears that the six-month rally in the stock market is not justified by the prospects of economic growth and corporate profits, reports Bloomberg.
Dow Jones Stoxx 600 fell during trading on 0,7%. This figure has increased by 49% compared with the minimum recorded in March, from 31 July, it jumped to 4.8%.
More and more people realize that the mood of market participants was better than the baseline for his performance - said the strategist ING Investment Management in Brussels Vincent Yuvins. - The rise of stock price was too fast and too high. We need to track key market factors .
value of shares
ThyssenKrupp, Germany's largest staleproizvoditelya, fell 3,3%, Salzgitter - on 3,6% after the publication of reports of China Baoshan Iron Steel. A leading manufacturer of steel in China has reduced its net profit in the first half by 93%, noting that the economic slowdown reduces demand for the metal from the automobile and shipbuilding companies.
Quotes securities Irish banks falling in the course of trading on concern that the Government will reduce the initial payments to banks under a plan to repurchase their loans worth 90 billion euros.
Share Price Allied Irish Banks Plc fell 5%, Bank of Ireland - by 9,9%.
According to the newspaper Sunday Times, a state agency that will purchase from banks loans, will immediately compensate them for only 80% of the loan amount, the remaining 20% will be paid later.
Paper L Oreal SA, the world's largest cosmetics manufacturer, dropped in the course of trading on 1,8% after analysts ING worsened the outlook for the company's shares to sell from hold , believing that it is time to record profits . At present, the ratio value of securities to profit L Oreal is 22.9, which is the highest level since 2007.
Stock Quotes
BMW and Daimler fell respectively by 1,3% and 1,7%. According to the newspaper The Wall Street Journal, quoting research company Roland Berger, germanskomu car market facing falling sales by 20% next year, after the government program to stimulate demand for automobiles.
Papers
Deutsche Post have fallen in price during the auctions on 1,7%. Experts Commerzbank downgraded to shares for Europe's largest postal company to hold from buy, noting downside risks to growth potential profits in the long term.
index of the largest enterprises in Europe Dow Jones Euro Stoxx 50 to 19:54 IST on Monday fell by 27.79 points (0.99%) - up to 2,775.89 points.
French CAC 40 index at this time decreased by 39.6 point (1,07%), amounting to 3,653.54 points.
Deutsch DAX lost 52.74 points (0.96%), amounting to 5,464.61 points.
All 17 major European stock indexes, which markets open on Monday, falling. UK markets closed on Aug. 31.
The Fed will be able to prevent the acceleration of inflation
WTO authorized Brazil to impose sanctions on goods from the U.S.
Leading bank: Stelmakh request to amend the regulations of the NBU to protect the rights of bondholders
Crushed
Cabinet wants to deal with the absorption of small banks and the NBU is preparing a new moratorium on early withdrawal of deposits …
Ukrainian stock market began the week lower against the background of negative external dynamics
Morning purchase today may stall in gepe down Monday - 1100-1105 items
Returning to the market a large number of participants in September may limit the rise in prices for nonferrous metals
Lead the growth of today will be oil shares, additional growth factor may be the reporting company Rosneft on the US GAAP for the second quarter
In the first hour of trading on Russia's market may experience increased volatility