четверг, 15 августа 2013 г.

EU STOCKS slip after five-day winning streak

European stock markets broke a five-day winning streak on Thursday, a day after data showed the euro zone escaped an 18-month recession in the second quarter. 


The Stoxx Europe 600 index dropped 0.4% to 307.41. 

Among country-specific indexes, the U.K.'s FTSE 100 index fell 0.46%, France's CAC 40 index dropped 0.26% and Germany's DAX 30 index gave up 0.45%. 


Shares of Zurich Insurance Group AG lost 2.9% after the company reported a 27% decline in net income for the second quarter. 

Shares of Hennes & Mauritz AB shaved off 1.3% after the fashion retailer posted a 1% drop in comparable sales. 

GlaxoSmithKline PLC fell 0.9% after Morgan Stanley cut the drug maker to underweight from equal weight. 

Oriflame slid 4.6% after reporting earnings before interest, taxes, depreciation and amortization of 42.2 million euros ($56 million) and sales of 360 million euros in the second quarter. Analysts on average had forecast Ebitda of 46.7 million euros and revenue of 367 million euros for the period. 

Holcim Ltd. (HOLN) advanced 1.2% as the world’s largest cement maker reported second-quarter net income of 383 million francs ($411 million). That beat the 369 million-franc average analyst estimate. 

In UK the National Statistics informed on Thursday that year-over-year UK Retail Sales grew 3% in July, compared with the 1.9% increase in June and above forecasts of +2.5%. 

On a monthly basis UK Retail Sales climbed 1.1% in July, up from the 0.2% increase in June and above expectations of rising 0.6%. 

Annual Retail Sales excluding Fuel grew 3.1%, up a notch from the 2.1% rise and above market consensus of 2.7% growth. Month-over-month Retail Sales excluding Fuel edged up 1.1%, following a 0.3% increase and exceeding expectations of +0.6%.

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