Home News European shares close easier – asked Pharmaceutical Title

European shares close easier – asked Pharmaceutical Title

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FRANKFURT (Dow Jones) – The prices on the European stock markets mostly fell on Thursday something. The Dow Jones Euro Stoxx 50 lost 0.6% or 18 points to 2914 and the Stoxx-50 tended to contrast with a marginal decrease of about 1 meter in 2614 virtually unchanged.

Dealers talked of a relatively quiet business, in which the economic data from the U.S. not to have effect. Many futures expire on Friday, futures and options, the so-called "witches" have pushed more investors to the sidelines, dealers said. Should be supported in the Euro Stoxx potential strike price of 2,900 points, traders see a resistance at 3,000 meters.
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The relatively good performance of the Stoxx 50 index is mainly explained from the higher weighting of the strong pharmaceutical title, the index grew by 1.2%. "Investors are looking konjunkturresistente and defensive stocks," said a dealer. GlaxoSmithKline rose by 3.9% to 1,272 p, and also benefited from speculation about asthma resources. The danger of an imminent U.S. generic medicine for asthma means "Advair" had dropped significantly, as voices from the trade.
Greece-crisis flared up again – bank stocks under pressure
The Euro-Stoxx-50 had suffered under profit-taking, however, especially in the banking sector, dealers said. Reason was the renewed crisis in Greece. "Greece plays poker for EU financial support," said a dealer with a view to statements according to which Greece also could ask the International Monetary Fund (IMF) for help. Especially under severe pressure were the Greek banks: EFG lost 7.1%, Alpha Bank 9.6%, National Bank of Greece 6%, and Piraeus Bank was 5.3%. In addition, Allied Irish gave off 3.3% RBS 3.6%. The industry in the Euro Stoxx index lost 1.4%, its counterpart in the Stoxx 1.2%.
Generali numbers easier to streaky
Generali-listed marbled numbers easier to 0.6% for 17,82 EUR. The net profit missed expectations. Was the reason for the slippage was lying in a higher loss ratio resulting from the development in Italy, said the analyst at DZ Bank. Gross written premiums could be increased due to a better development in the life insurance business by 3%. For the European insurance sector went up by 0.5% down. DJG / hru / flf