The leading stock indices in Europe closed on Monday on the downside by 3.3%. A reason for drop was disappointing macro statistics from the Eurozone and China, and political events in Netherlands and France.
During the trading the German DAX index lost 3.36% and amounted to 6523 points. The British FTSE leveled down by 1.85% closing at 5665 points. The main stock index of France CAC 40 eased by 2.8% and fixed the value of 3098.37.
On Monday the composite business activity index of the Eurozone slid down in April to 47.4 from 49.1 in the preceding month. Economists had foreseen the indicator to elevate to 49.3.
The market responded the Chinese figures negatively. The PMI index in the production sector rose in April to 49.1 from 48.3 points in March. Despite a positive dynamics, the reading has been below 50 for six months already that denotes to activity slackening in this field.
Moreover, the sentiments were worsened by the statistics from Spain which has shown that the country's GDP in the first quarter of 2012 reduced by 0.4%, compared to the last quarter of 2011. The investors also sell shares being afraid that the socialist Francois Olland can become a French President. Furthermore, the trading was impacted by a resignation petition of the Dutch Prime Minister Mark Rutte.
Watch InstaForex news tomorrow in the next release. Good bye!
