LONDON. – The European actions lowered to Thursday pressed by the titles of banks and miners, because a wave of weak economic data elevated the fears to a deep world-wide recession and Wal-Mart retailer disappointed with his report of sales.
The index of the main European papers FTSEurofirst 300 fell 0,8%, to 870,92 points, after to have fallen until a intradaily minimum of 859,83 units. In the 2008, the referential one sank 45 percent.
Wal-Mart, the greater retail chain of the world, reported weak sales same stores of December and trimmed its forecast of quarterly gains. Many more companies of the sector also noticed that their utilities would fail to fulfill the expectations in the fourth trimester.
The banking sector was the greater ballast of the index. The papers of the Commerzbank, Deutsche Bank, Standard Chartered and DT Postbank collapsed between 5,7 and 13,8 percent.
The mining titles lowered in line with the prices of the metals, that fell by the fears to a deceleration of the demand.
The actions of BHP Billiton, Anglian American, Vedanta Resources, Xstrata and Red Rio descended between 3,1 and 5,9 percent.
Nevertheless, the papers of tie companies to the oil sector had a good performance although the prices of the crude one fell more than 1,0 percent.
The titles of BP, Royal Dutch Shell and Tullow Oil climbed between 1,6 and 5,3 percent.
WEAK NUMBERS
A series of negative economic data painted a shady economic panorama.
In the zone Euro, the confidence fell to an historical minimum in December before increasing unemployment, whereas the expectations for the inflation collapsed, which gave a new reason so that the European Central bank trims the interest rates the next week.
“The markets are not completely stupid when worrying about the risk to a prolonged depression, because the banking sector has been reducing its indebtedness”, Andrew thought Bell, head of investigations of Rensburg Sheppards.
“But it is more probable that for this year ends is a way so that the credit market again works and a combination of lower interest rates, some tax cuts and programs of governmental investments will have removed from great negative numbers to small numbers of growth”, maintained Bell.
Between the index local, Briton FTSE 100, German DAX and French MILLRACE 40 they lost between 0,1 and 1,2 percent.
