U.K. shares decline amid week data on Chinese economy

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Source: Dukascopy Bank SA
U.K. equities dropped after report showed Chinese services contracted last month, and Chinese government tightened mortgage rules to curb the residential property market. The FTSE 100 Index slid 0.5% to 6,348.69. Seven out of ten sectors in the index inched lower. Kazakhmys posted biggest losses, dragging down the basic materials group by 2.4%. Furthermore, Lloyds Banking Group added to losses in financial shares, as it slumped 3.6%. The bank reported a full-year loss. Rio Tinto followed with a 3.4%, also pacing losses in basic materials. Among best performers was Capita Plc. that rose 2.6%, capping losses in consumer services. The service provider for U.K. government departments surged to its highest price after Goldman Sachs Inc. raised its stock rating. Petrofac Ltd advanced 2.3%, halting further decline in oil and gas group, while GKN added 2.1% on upgraded stock rating.
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Mon, 04 Mar 2013 16:48:08 GMT

German shares drop as Chinese service sector shranks

German equities extended their losses on Monday, as China's service sector contracted and U.S. spending cuts threatened the recovery of the world's largest economy. The DAX index tumbled 0.1% to 7,704.06 by 17:19 p.m. in Frankfurt. Four out of nine sectors edged lower. Utility and technology shares soared the most in the index. Fresenius SE & Co KGaA rallied 1.6%

Mon, 04 Mar 2013 16:04:09 GMT

Wall Street edges lower on Monday amid economy outlook

Shares on Wall Street recorded losses after markets opened on Monday as unfavorable outlook of global economic growth prompted investors to close their positions in equities that are close to reaching their record highs. The Standard and Poor's 500 Index dropped 0.22% to 1,514.91, the Nasdaq Composite Index slid 0.33% to 3,159.35 and the Dow Jones industrial average shrank 0.10% to 14,075.30.

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