European stocks drop on Japan trade deficit

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Source: Bloomberg
Europe's stocks declined to almost three-week low after Japan's trade deficit widened more-than-expected and investors waited for the European leaders meetings' outcome. The Stoxx Europe 600 Index tumbled 0.9% to 270.27, the biggest decline since Aug. 2. Contracts on the S&P 500 fell 0.2%, while the MSCIA Pacific Index dropped 0.5%.
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Wed, 22 Aug 2012 13:38:51 GMT

Hong Kong stocks decline amid earnings concern

Hong Kong stocks dropped amid worries corporate earnings are falling and before European leaders meetings this week. The Hang Seng Index tumbled 1.1% to 19,887.78, with all except one stock declining on the 49-member gauge. The Hang Seng China Enterprise Index slid 1.3% to 9,698.83.

Wed, 22 Aug 2012 14:22:51 GMT

German stocks declined ahead of FOMC minutes release

German shares dropped after Japan reported wider than expected trade deficit in July. Escalated cautiousness ahead of the FOMC minutes release also weighted down on German blue chips. The German DAX Index declined by 0.78% to trade at 7,017.41. Only one sector included in the index increased. Financials moved higher thanks to Deutsche Bank that gained 0.52%. At the same

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