European stock indexes finished trading with a collapse

08.02.2016

On Monday trading, European stock indexes finished sharply lower, while the Greek index fell to the lowest since 1990, reported Bloomberg.

The composite index of the largest companies in Stoxx Europe 600 lost 3.54% and closed trading at around 314.36 points, the lowest since 2014.

The index of 50 largest enterprises of the Eurozone – Euro Stoxx 50 lost 3.3%, the British FTSE 100 - 2.7%, the French CAC 40 - 3.2%, and German DAX lost 3.3%.

Greek ASE fell 7.9%, and now it shows the worst dynamics among all 93 of the world stock indexes tracked by Bloomberg.

"Investors cannot decide about what is happening with the world economy, but the risks of deflation and recession is clearly growing, - says Investment Director of Prime Partners, François Savary. It does not help even the fact that corporate profits are not so bad, as the quotes have fallen significantly. There is no certainty for the future, and it scares the most. "

The worst dynamics among the specific sub-indices of Stoxx 600 has demonstrated the construction companies and banks.

Randgold Resources Shares in London trading on Monday rose 13%. Gold Mining Company increased production of the precious metal to record levels and announced dividend increase.

Shares of Rolls-Royce (L: RR) Holdings fell 2.7%. British industry group will publish quarterly reports on February 12 and, according to analysts' forecasts of Tony Cross from Trustnet Direct, Rolls-Royce has announced the reduction of the dividends.

The cost of securities of telecommunications group BT Group (L: BT) fell 4.4% on the information that it was looking for a new treasurer.

The share price of British bank HSBC fell 4.2%. According to The Telegraph newspaper, this week the bank will make a decision on whether it should transfer the headquarters from London.

The capitalization of microchip developer Imagination Technologies fell 4% after the supplier of chips to Apple (O: AAPL) said it expects a loss for the current year.

The largest producer in the world of locks Assa Abloy has lost 9.7% of market value on the data that its sales in China once again fell in the last quarter.

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