How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily Brief - Friday 11 July 2014
- Things that have annoyed me this week
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Pensioners 'misled' by Co-op Bank
- UK Inflation no problem for Governor Carney
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
European stocks fall
European shares were lower in early trade on Monday, retreating for a second day with banks and commodities the main fallers as investors became cautious on global recovery hopes.
By 8:10 a.m., the pan-European FTSEuro first 300 index of top shares was down 1.2 percent at 930.04 points.
In Asia, Chinese stocks slid 5.8 percent, while Japan's Nikkei average shed 3.1 percent.
"There is now a realisation that coming out of a recession is one thing, but building a recovery is another" said Justin Urquhart Stewart, director at Seven Investment Management.
"We are now down to how companies are going to grow. The growth we have seen out of Japan as well as Europe looks like it has been primarily based on government stimulation... the question is, is this sustainable?" he said.
Banks took the most points off the European index, with HSBC , BNP Paribas , UniCredit and Banco Santander down 1.2-1.8 percent.
Miners were in the doldrums as metal prices retreated on demand concerns. Fresnillo was 2.5 percent lower after it posted a 14 percent decline in first-half profits.
Energy stocks were lower as crude slipped below $67 a barrel. BG Group , BP , Royal Dutch Shell and Total were 0.6-0.8 percent lower.
Latest News & Stories
- Gibraltar says data proves Spain border queues are deliberate
- BBVA to buy Spain's nationalized Catalunya Banc
- Spain set to double rail accident compensation
- Orange Spain sees 77% rise in mobile data during San Fermin
- Spain Marks Year of Recovery in Economy Hooked on Exports
- Basque group ETA says dismantles its military wing
- Rajoy’s tax cuts seen threatening country’s deficit
- Murcia's San Javier Airport opens new shops : Why ?
- Caixabank and Santander frontrunners in Catalunya Banc sale
- Spain's Land Registry and Cadastre to Share Information