European Stock markets outlook dec 2 2011

Indonesia stock info - European Stock markets outlook dec 2 2011 ; European markets finished lower yesterday, as downbeat Chinese manufacturing data and US unemployment data raised worries about global economic growth. Banks, Societe Generale, Commerzbank and BNP Paribas retreated between 2.0% and 3.2%, after a broker cut the European banking sector to Underweight from Sell.

Norsk Hydro dropped 2.9%, after the company forecast a lower global growth in demand for the metal. IVG Immobilien slid 2.7%, after an analyst downgraded its rating on the stock to Neutral from Overweight. Vinci fell 2.0%, after the company pulled out of bidding for the purchase of Hochtiefs airport-operating business; Hochtief declined 1.5%. The FTSEurofirst 300 index declined 0.6%, to close at 976.0. Among other European markets, the German DAX Xetra 30 fell 0.9%, to close at 6,035.9, while the French CAC-40 shed 0.8%, to settle at 3,130.0.


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