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- European stocks declined after Friday's growth
European stocks declined after Friday's growth
Monday trading started in European indices decline after reaching 15-month high against the announcement of the beginning of the third round of quantitative easing.
The head of the Eurogroup Jean-Claude Yunkes European Stabilization Fund will be launched in October 2012. Planned to give the first three tranches of a total size of 32 billion euros.
The data on the trade balance evroozony seasonally adjusted for July was 7.9 at the forecast 12.3.
FTSE 100 5,900.77 -14.78 -0.25%
CAC 40 3,561.25 -20.33 -0.57%
DAX 7,395.78 -16.35 -0.22%
SSAB shares fell 8.5% after a decline in demand for the products. Paper Hennes & Mauritz AB decreased by 2.2% after the level of sales was lower than forecast. Vodafone capitalization decreased by 1.1% after the announcement of the creation of a reserve fund for the payment of taxes in India.
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