European stocks remain lower despite upbeat E.Z. data; Dax down 0.10%

Written By Unknown on Senin, 09 September 2013 | 23.08

Investing.com - European stocks remained lower on Monday, despite the release of upbeat euro zone investor confidence data, as concerns over a possible U.S. military strike against Syria continued to linger.

During European afternoon trade, the EURO STOXX 50 slid 0.32%, France's CAC 40 retreated 0.58%, while Germany's DAX 30 slipped 0.10%.

Data earlier showed that the Sentix index of euro zone investor confidence rose to a six month high of 6.5 in September, up from minus 4.9 last month. Analysts had forecast a reading of minus 2.8.

But concerns over a possible conflict in Syria persisted after Syrian President Bashar al-Assad over the weekend denied authorizing a chemical weapons attack on his own citizens.

The comments came as the U.S. government was set to vote this week on President Barack Obama's proposal to launch a missile strike.

Financial stocks remained mixed, as BNP Paribas slid 0.49% and Societe Generale advanced 0.82% in France, while Germany's Deutsche Bank rose 0.37%.

Among peripheral lenders, Spanish banks Banco Santander and BBVA declined 0.76% and 0.92% respectively, while Italy's Intesa Sanpaolo and Unicredit rallied 0.91% and 2.05%.

Elsewhere, Royal KPN edged down 0.14% after the Dutch phone carrier, subject of a takeover proposal by America Movil, said Chief Financial Officer Eric Hageman is stepping down for personal reasons.

In London, FTSE 100 shed 0.52%.

Financial stocks remained mostly higher, as shares in the Royal Bank of Scotland gained 0.64% and Barclays climbed 0.40%, while Lloyds Banking jumped 1.20%.

Meanwhile, mining stocks turned broadly upward. Glencore Xstrata and Fresnillo rallied 1.15% and 2.25% respectively, while Eurasian Natural Resources added 0.09%, erasing earlier losses.

In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a 0.21% gain, S&P 500 futures signaled a 0.24% rise, while the Nasdaq 100 futures indicated a 0.44% increase.

In addition, improved trade data out of China over the weekend added to indications that the world's second largest economy is recovering from a slowdown. Data on Sunday showed that Chinese exports were 7.2% higher year-over-year in August, up from 5.1% in July, and imports were up 7%.

Data on Monday showed that Chinese consumer price inflation was up 2.6% year-on-year in August, in line with expectations.

Investing.com
Investing.com - Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com or Follow us on Twitter at @ InvestingCom


Anda sedang membaca artikel tentang

European stocks remain lower despite upbeat E.Z. data; Dax down 0.10%

Dengan url

http://berhentialkohol.blogspot.com/2013/09/european-stocks-remain-lower-despite.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

European stocks remain lower despite upbeat E.Z. data; Dax down 0.10%

namun jangan lupa untuk meletakkan link

European stocks remain lower despite upbeat E.Z. data; Dax down 0.10%

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger