European stock markets go down after the report on the Chinese imports fall, which is mainly due to the shares of automakers and banks.
The pan-European FTSEurofirst 300 index went down 1.26 %, while the Euro STOXX 50 index by 1.29 %. The German DAX index fell 1.22 %, Britain's FTSE 100 by 0.85 %, and France's CAC-40 by 1.59 %.
In September, China's exports in Yuan decreased by 1.1 % compared to the previous year, while imports fell 17.7 %, yet analysts predicted a sharper decline in exports.
"Although China's exports showed a good result, weak imports continues to demonstrate that the problems in the Chinese economy still remain," - said a trader and analyst of Peregrine & Black, Markus Huber.
The automakers index fell 2.5 %, while the index of the banks by 2.2 %. Shares of Credit Suisse fell 2.2 % and UBS by 1.6 %, after the news about the intention of the Ministry of Finance of Switzerland to toughen capital requirements for banks.
The quotes of Portuguese banks dropped due to political uncertainty after last week's parliamentary elections: Banco Comercial fell 8.1 %, while Banco BPI fell 4.1 %.
Quotes of SABMiller rose 9 % and those of Anheuser-Busch by 1.6 %, as SABMiller in the fifth attempt adopted a proposal for the purchase of Anheuser-Busch, evaluating the competitor with 69 billion pounds ($ 106 billion).
Shares of SAP software developer rose 4.7 % due to a 19 % as the increase in operating profit in the third quarter surpassed the most optimistic of analysts' forecasts.
The quotes of the owner of several brands of "luxury" class LVMH declined by 3.3 %, as the report for the third quarter showed a growth in sales of cognac, particularly in China, but a slowdown in sales of clothing and leather goods.
On Tuesday, euro fell from the two-week highs against the dollar after data showing that German economic sentiment deteriorated this month to a minimum of the year.
EUR/USD fell to 1.1372 after the maximum of 1.1410 registered the day before the report.
ZEW Centre for Economic Research said that its index of German economic sentiment fell to 1.9 this month from 12.1 in September, well below the expected level of 6.0.