European stock indices falling on Thursday, a negative impact on the market has, in particular, statistics on the labor market, the U.S., reported Bloomberg.
Value Dow Jones Stoxx 600 with the opening of the market dropped by 2.4%. Since 11 June, the index lost 4.8% against the backdrop of fears that the value of the shares climbed too high. Currently, the ratio of prices of shares of companies included in the calculation Stoxx 600, their profit is 25.4, which is the highest level since March 2004.
number of jobs in the U.S. economy in the past month fell by 467 thousand, while experts predicted less than a significant reduction - to 367 thousand Thus, unemployment rose to 9.5%, which is the highest level since August 1983 , compared with 9.4% a month earlier.
This heightened fears that the bad situation in the labor market could cause a more prolonged release of the economic recession.
It is clear that the U.S. economy is still in a recession - said Chief Investment Director of RA Research Asset Management Otto Vaser. - We will likely see a further loss of jobs. This will be pressure on consumers and the economy. And it will bear on the market.
value of the shares in Volkswagen fell during the bidding for the 7.8% and Daimler - at 5.5%. Sales of German automakers in the United States fell in June by 18% and 26%.
In addition, Credit Suisse analysts have worsened the recommendation for the automotive industry in Europe to at market with above market.
Papers
Total cheaper at 3.8% and Royal Dutch Shell - on 3,3% against the backdrop of the price of oil in the third consecutive day Thursday.
Stock Quotes CNP Assurances SA, the largest life insurer in France lost 2.6%. Exane BNP Paribas analysts worsened recommendation for the securities company to neutral from above market.
The value of securities
Thales fell by 3.8% since the degradation rate for these experts Oddo Securities to reduce from buy. Thales produces electronic systems for aerospace, defense areas and for solving complex security.
At the same time, the price of securities Elan jumped by 19%. The American company Johnson Johnson, which manufactures products for health, has agreed an investment of $ 1 billion in Ireland Elan Corp. In addition, the company will establish a joint venture, which will focus on immunotherapy against Alzheimer's disease, developed by Elan and Wyeth.
Also, the paper went
British pubs owner Greene King (at 2.7%) and Enterprise Inns (at 2.9%) after Greene King said the acceleration of sales growth due to warm weather in the country.
index of the largest enterprises in Europe, Dow Jones Euro Stoxx 50 to 19:22 AM EDT fell by 71.24 points (2.91%) - up to 2378.49 points.
British FTSE 100 by this time dropped 97.19 points (2.24%), amounting to 4,243.52 points.
French CAC 40 index lost 90.68 points (2.82%) - up to 3126.32 points.
The German DAX
with the opening of the market fell by 169.3 points (3.45%) and amounted to 4,736.14 point.
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Forex - results of day
Analyst Forecasts: The basic guide for the Russian market will be the dynamics of oil quotes and European indices