Market news
27.08.2012, 10:47

European stocks fell slightly

A slight decline in European indices caused by the slowdown in the Chinese economy.

Was released today stat data for Germany. Was lower than the forecast expectations index IFO, the August figure was 94.2, the forecast 95. IFO business climate index for August at the forecast 102.3 102.8.

Import prices year on year in July showed an increase in the forecast of +1.2% +1.4%, import prices on a monthly basis in July against the forecast of +0.7% +0.8%.

It was learned that the plans of German Chancellor Angela Merkel is signing a new contract, which will form the basis of the European Union. Already this year, the Heads of State and Government of the EU, according to the plans of Chancellor may decide to hold the convention, the function of which will be the development of a legal framework for the new treaty, held together by the European Union. According to the press, the German position was announced in Brussels advisor Chancellor for European Policy Nikolaus Meyer-Landrut.

To date:

FTSE 100 5,776.60 0.00 0.00%

DAX    6,965.29 -5.78 -0.08%

CAC   3,425.51 -7.70   -0.22%

Nokia Oyj shares soared 7% after Samsung Electronics Co. lost a patent dispute with Apple Inc.

Paper Q-Cells SE rose 33% after South Korea's Hanwha Group has signed a deal to acquire insolvent German manufacturer of solar panels.

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