FRANKFURT (Dow Jones) – somewhat easier to are European stock markets show on Wednesday afternoon , whatever tends to cost requirements from the U.S. and East Asia. based in Japan, slightly above expectations failed Tankan business report and in China is calculated by HSBC Purchasing Managers Index of manufacturing.
"This gives hope to the official index tomorrow , "said one trader. The Euro Stoxx 50 lost to 12.36 clock 0.4% or 12 to 2763 points, the Stoxx 50 is by 0.7 % or 17 to 2499 meters.
In addition to the ISM from the United States on Friday was the official purchasing managers’ index of China ‘s most important business date of the week , they say. Until their publications are likely to market participants to hold back .
Banks under further pressure
As before is shown in relation to sectors in Europe , no uniform trend. With a drop of 1.3 % in the banking index, is the weakness continued in the industry. For exercise statements make of Credit Suisse and the prestigious U.S. banking analyst Meredith Whitney and the capital of Deutsche Bank. Whitney settled in the U.S. banks with a difficult fourth quarter. Among other things, Societe Generale falling 2.1% , RBS 1.6% , HSBC up 1.9 % and BNP Paribas to 1.7%.
In an interview with CNBC , said Whitney, they expect safe with lay-offs on Wall Street in the first quarter of 2011 and expect a volume decline in equity trading in the third quarter of at least 25 %.
As an indication in that direction cost dealer statements of Credit Suisse at a streaky third quarter in investment banking. However, CEO Brady Dougan pointed at an investor conference point to the high activity in mergers and acquisitions business. The shares are listed , therefore, 0.1% fixed .
German bank fall , however, to a further 3.2 % to 38.98 EUR . Because of the ongoing increases which are also sales very high , says the trade.
HP- view helps chip stocks
Technology – values record 0.1% lighter. The increase in the outlook of the U.S. computer maker Hewlett – Packard (HP ) will be in the trade considered positively for the European chip manufacturers. The 2011er sales expectations , the company lies above the market expectation. In Europe, ASML increased by 1.8 %, STMicro by 0.3 % and Infineon to 0.5%.
Hennes & Mauritz charged the retail sector
The sector index the retail value losing after disappointing statements from Hennes & Mauritz 1.4%. The Swedish low-cost clothing chain was disappointed with the quarterly figures, the high expectations. While sales seasoned of Stoxx 50 newcomer , a burden on lower margin of the result , they say. The profit increase of 23% was still expected higher. Due to delays in the construction of new shopping centers, H & M in the current year will also open fewer new stores than originally planned. The stock lost 5.8% to 243.90 SEK . Metro will lose 1 %, Carrefour 1.1% and Ahold 0.6%.
BP stand a positive out with 2.2% price increase to 414 p. As a " confidence "in the trade , the high demand from investors site for the newly launched bonds of BP is rated . BP can now refocus on their business and displace the oil spill in the Gulf of Mexico. Almost all oil values quoted in the red. The sector gaining 0.1%.
DJG / gos / sh