EUROPEAN stock markets have fallen on weak US earnings, while the euro slid against the dollar as Spain said its unemployment rate had reached 25 per cent for the first time, traders say.
London's FTSE 100 index of top companies on Friday fell by 0.86 per cent to stand at 5,804.94 points in early afternoon deals.
Frankfurt's DAX 30 slipped 0.58 per cent to 7,158.49 points and in Paris the CAC 40 lost 0.50 per cent to 3,394.34.
Madrid's IBEX 35 tumbled 1.10 per cent to 7,693.50 points.
In foreign exchange trading, the euro dipped to $US1.2895 from $US1.2930 late in New York on Thursday.
On the London Bullion Market, gold prices dropped to $US1,703 an ounce from $US1,715.50 an ounce on Thursday.
"The markets in Europe are deep into red in Europe ... affected by very disappointing earnings data from the US," said Gekko Global Markets trader Anita Paluch.
"Although today's macro data from Spain and news out of Greece put the EU debt crisis back on the table, the investors will be looking at the US third-quarter GDP results due to be published later today."
Official data from Spain showed that its jobless rate broke the 25 per cent barrier for the first time as austerity cuts squeezed the recession-struck economy.
Tens of thousands of jobs were destroyed in the third quarter, even as Prime Minister Mariano Rajoy's government raised taxes, cut spending and pondered whether to snatch a eurozone rescue line.
The unemployment rate rose to 25.02 per cent in the third quarter from 24.63 per cent in the previous three months, a National Statistic Institute report showed.
Among workers aged 16-24 the jobless rate towered at 52.34 per cent in the third quarter, only slightly down from 53.27 per cent in the previous quarter, the institute said.
Greece, the eurozone country with the biggest debt problem, said on Thursday that it would stand by extra reform efforts thrashed out with international creditors.
Finance Minister Yannis Stournaras said the government was "pressing on" and that the new measures would be introduced in parliament next week.
The deal is required for Greece to meet demands by its EU-IMF creditors and unlock a 31.2 billion-euro ($A39.35 billion) installment of rescue loans.
In Europe on Friday, shares in Anglo American jumped 1.99 per cent to 1,894.5 pence after the global miner said that its first female chief executive, Cynthia Carroll, would step down for personal reasons.
The announcement of her decision to stand aside comes a day after Anglo American slashed its forecast for annual platinum production amid deadly strikes at the group's troubled South African operations.
Anda sedang membaca artikel tentang
European stocks falter
Dengan url
http://jemuranduit.blogspot.com/2012/10/european-stocks-falter.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
European stocks falter
namun jangan lupa untuk meletakkan link
sebagai sumbernya
0 komentar:
Posting Komentar