European stock markets moved lower on Monday, mirroring a negative mood in Asia, after Chinese manufacturing data added to fears about a slowdown in the world’s second-largest economy.
The Stoxx Europe 600 index fell 0.7% to 320.43.
The U.K.’s FTSE 100 index rose 0.1%. Germany’s DAX 30 index dropped 0.2% and France’s CAC 40 index lost 0.1%.
RTL Group SA dropped 2.3% in Brussels after Goldman Sachs cut the broadcaster to neutral from buy.
On a more upbeat note, shares of Ryanair Holdings PLC gained 5.1% after the budget airliner confirmed its full-year guidance, even as it swung to loss in its fiscal third quarter.
PMI data for the U.K. also showed the manufacturing sector there continued to expand in January, albeit at the slowest pace in three months. The Markit manufacturing PMI fell to 56.7 in January against 57.2 the prior month and 57.0 expected.
Data tomorrow is forecast by economists to show December producer prices in the common-currency region fell 0.8% from a year earlier, compared with a November reading of minus 1.2%.
ECB President Mario Draghi unexpectedly cut the benchmark rate to a record 0.25% in November after inflation slowed.
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