European markets close an down, Paris lost 0.48%
July 5, 2010 – 6:10 pmMajor European stock markets closed lower Monday after a session marked by limited volumes due to the closure of Wall Street after the U.S. national holiday.
The Paris Bourse ended were down 0.48% at 3332.46 points, while the FTSEurofirst index of leading European values closed at its lowest level since May 25, although some strategists believe the recent excessive declines in European markets.
The weakness of recent European and U.S. macroeconomic data also raises renewed caution in the market, especially after the announcement of the slowdown in the services sector in the euro area in June, suggesting growth in the private sector may have already reached a peak in the second quarter.
As for values, BP was one of the leaders of the day, winning 3.51% as investors hoped that the leakage of oil at the origin of the oil spill in the Gulf of Mexico will be plugged in only one month, while press reports suggest looking for a strategic investor to ensure the independence of the group.
The title Abertis, which has won over 12% in morning session was suspended by the Spanish regulatory authority CNMV markets following the report in the Financial Times citing a possible leveraged buy Spanish group by its main shareholders.
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