Europe: Lower rates across the continent, Stoxx 50 -0.5% – Dagens Industri

Europe: Lower rates across the continent, Stoxx 50 -0.5% – Dagens Industri

Europe: Lower rates across the continent, Stoxx 50 -0.5%

                  2014-09-22 17:32
             

 (SIX) European stock markets started the week with a fall back.  Markets weighed down by concerns about the Chinese economy and a  accounting glitch in the British supermarket chain Tesco.       China unrest stemmed from a statement by China's Minister of Finance Lou  Jiwei which was interpreted as that more stimulus is not forthcoming.  The economy faces downward pressure and it will not be any  changes in economic policy in response to individual  economic indicators, he said.       The former brightest star in the UK  grocery heaven, Tesco, plummeted 12 percent after its fourth  profit warning in three years. This time the warning was due to a  accounting error overstated profit of $    1.1 billion, while  first half with 250 million.       Germany's Siemens has made a recommended bid worth 7.6 billion  dollars at Dresser-Rand, a French-American manufacturer of turbines  and compressors for the oil and gas industry. At the same time announced   Siemens that they sell their share in the joint venture with Bosch that makes  home appliances to the right Bosch 3 billion. Siemens was  down 2.2 percent.       Swiss Sulzer, who also has been mentioned in speculation acquisition  about Dresser-Rand, dropped 3.9 percent since the Siemens bid was  clear.       The French pilot union at Air France-KML has extended its strike  on the grounds that the company wants to shift more flights to  Group's low-cost carriers with a further week and threatened to  can strike even longer if the talks do not lead anywhere. Air  France-KLM dropped 5.2 percent.       The Norwegian fish farmer Cermaq rushed 14 per cent to 95.75 Norwegian  crowns after MC Ocean Holdings, owned by Japan's Mitsubishi, added  a recommended offer of SEK 96 per share, representing 8.8  billion NOK.    Market quotes at closing    Indices Market listing today in years    Stoxx Europe 600 347 -0.6% +5.6%  Stoxx Europe 50 3095 -0.5% +6.0%   FTSE 100 London 6773 -1.0% +0.4%  DAX 30 Frankfurt 9750 -0.5% +2.1%  CAC 40 Paris 4440 -0.5% +3.3%  SMI Zurich 8.811 -0.3% +7.4%  IBEX 35 Madrid 10947 -0.5% +10.4%  FTSE MIB Milan 20673 -1.4% +8.8%  SIX Nordic Nordic countries 111 Index -0.2% +9.1%    Joakim Johansson, phone +46 31 350 64 84  mailto: joakim.johansson@six-group.se  www.blogg.six.seSIXNews  SIX News