Major stock indices in Europe show a moderate decline

Stock indices in Europe trading on concerns about economic growth in the euro area and Japan, stimulus package, the scope of which disappointed markets. Meanwhile, shares of most banks rise in price on strong statements.

Shares of the largest French banks Societe Generale and Credit Agricole rose by 4.3% and 2.5% due to an increase in their profit and revenue in the second quarter of 2016.

Quotes of British bank HSBC Securities jumped 3.4%. Europe's largest bank has reduced the profit and revenue in the second quarter, however, it announced its intention to buy back its own shares in the amount of $ 2.5 billion in the second half.

ING capitalization soared by 7.4%. The largest Dutch financial services group increased its net profit in April-June, almost 4 times to 1.3 billion euros thanks to the expansion of the loan portfolio, as well as the preservation of a stable margin.

Meanwhile, the share price of Continental AG products decreased by 1.6%, as profits for the last quarter fell short of market expectations.

Aggreko Plc securities price fell during trading by 12%. Scottish engineering company reported a decline in quarterly profit and revenue.

German publishing house Axel Springer has reduced the market value by 1.7% due to lower revenues in the preceding quarter.

AXA SA shares fell 0.4% after the second largest insurance company in Europe reported a 4% increase in net profit in the first half, below analysts' expectations.

Shares of Next Plc soared 3.6% after the retailer reported an increase in sales in the second quarter by 0.3% year on year, but warned that sales could fall by 2.5% in 2016.

At the moment:

FTSE 6627.90 -17.50 -0.26%

DAX 10142.24 -2.10 -0.02%

CAC 4311.36 -16.63 -0.38%