European stocks decline on Tuesday following the stock prices of mining companies, reports Bloomberg.
The composite index of the largest companies included in Stoxx Europe 600 fell during trading by 0.6%, to 370.1 points.
The index of the largest enterprises in the Eurozone – Euro Stoxx 50 fell 0.7%, the French CAC 40 dropped 0.6%, the British FTSE 100 decreased by 0.4%, and the German DAX fell 0.6%.
The index of mining companies is demonstrating the most significant decline among the 19 industry groups’ indices of Stoxx Europe 600, amid data on the volume of Chinese imports and exports in November 2015, which shows a decline.
The volume of exports from China fell in November the fifth month in a row. Reduction of import is noted the 13th month in a row, which is a record.
The volume of exports in Yuan fell last month by 3.7% compared to November 2014, according to the General Administration of Customs of China. Imports in Yuan fell 5.6%.
Experts interviewed by Bloomberg, on average, had expected a decline in exports in November by 2.9%, imports - by 11.3%.
Shares of Anglo American Plc (L: AAL) fell in the course of trading by 2%. The company said it won’t pay dividends for the second half of 2015 and in 2016.
Shares of BHP Billiton dropped in price by 3.2%, and Rio Tinto - by 2.6%.
The market focus on Tuesday is aimed at preliminary data on Eurozone GDP dynamics for the third quarter of 2015, which will be published today.
According to estimates of experts surveyed by Bloomberg, the volume of GDP in July-September increased by 0.3% compared to the second quarter and increased by 1.6% compared with the third quarter last year.
Shares of French conglomerate – Bouygues (PA: BOUY) SA rose 3.5% on the information that Orange SA (PA: ORAN), the largest telecommunications operator in France, is negotiating the purchase of telecommunication and media assets of Bouygues SA.
Orange shares rose in price by 1.2%.
The value of Klepierre SA shares rose 1.5% on Euronext NV statement that the shares of French real estate company will replace the Electricite de France stocks in CAC 40 index since December 21.