Sunday, September 29, 2013

Most European stock indexes fell on statistics from the U.S.


Most of the major European stock indexes fell by the end of trading Friday on the back of weak statistics on consumer sentiment in the U.S. , according to data exchanges .

By the end of trading the German DAX 30 fell 0.03 % to 8 661.51 points. The French CAC 40 unchanged at 4 186.77 points. London's FTSE 100 fell by 0.81 % - to 6 512.66 points.

The index of consumer sentiment University of Michigan , in the final assessment , fell to 77.5 points from 82.1 in August , while analysts had forecast it at 78 points .

Concerns about the political crisis in Italy had a negative impact on stock indices , as well as the dynamics of the ten-year government bond yield of the country's $ 3 billion posted on Friday, at the rate of 4.5 % compared to 4.46 % at the auction on August 29.

"There is a possibility that the present Cabinet will not last long," - said the asset manager Glendevon King Asset Management Nicola Marinelli , quoted by the agency Reuters.

Factor in reducing indices analysts also called the uncertainty about the U.S. budget problems . "If the draft budget is approved on Monday , it may lead to the suspension of the government since October 1 , which will lead to a drop in growth in the fourth quarter," - believes strategist TradeNext Ronnie Chopra .

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