BUSINESS INFORMATION - European major stock markets fell on Monday

BUSINESS INFORMATION - European major stock markets fell on Monday, turning a sharp initial rise as investors nervously assessing the global economic outlook ahead of crucial growth data of the U.S. economy this weekend.

In London, "the stock has come under pressure in early trade following weak weak in the U.S.," writes Philip Gillett, a trader IG Index in London, also cites some startling data on Friday showing the British are still stuck in recession.

The FTSE index of leading shares in London closed 0.97 percent lower at 5191.74 points. DAX index in Frankfurt fell 1.71 percent to 5642.16 points and in Paris the CAC 40 closed 1.68 percent lower at 3744.45.

"Investors are starting to worry that the gains seen since the first part of this year has been obtained ahead of economic recovery - is more suppressed by the British GDP figures are disappointing Friday," which indicates contraction of 0.4 percent the third quarter, said Gillett.

Angus Campbell, a trader at Capital Spreads refer to an "aggressive selling" at the end of stock market trading which he blamed on "a strengthening dollar that has caused peurunan in commodity prices."

Euro on Monday reached a new high in 14-month 1.5064 dollars in Asian trade, but then fell back to 1.4894 dollars.

Financial stocks hit especially in Europe, particularly shaken by a discussion of several major financial groups who are planning to publish a very large stock.

In the Swiss reinsurance giant Swiss Re fell 4.28 percent and Deutsche Bank in Frankfurt fell 4.18 percent and Commerzbank fell 3.81 percent.

In Stockholm, Sweden Electrolux equipment maker reported better than expected quarterly results and plan the closure of two factories in the U.S., pushing its shares up 6.7 percent at closing.

Among other markets fell in Europe, the Swiss Market Index fell 1.17 percent to 6303.35 points, the Amsterdam AEX fell 2.34 percent to 312.65. Milan MiB FTSE fell 1.79 percent to 23,001 and the Bel-20 in Brussels fell 2.12 percent to 2493.25.

In Madrid Ibex-35 fell one percent to 11,622.60 points.

Tokyo stock market ended 0.77 percent higher on Monday as weaker yen increases exporters and the strengthening of South Korea's growth rate picked up the optimism, dealers said.

U.S. stocks also slipped back on Monday, despite healthy earnings reports.

Dow Jones Industrial Average fell 0.89 percent to 9883.68 points after through the psychological level of 10,000 points in early trade.

The Nasdaq composite index fell 0.36 percent to 2146.61 and the broad market index Standard & Poor `s 500 fell 0.82 percent to 1070.72.

On Thursday, investors will focus on the crucial data of the gross domestic product (GDP) of U.S. third quarter, the world's largest economy.

"The third quarter U.S. GDP data main macro news this week and should confirm the re-growth of the world's largest economy," says Altium Securities analyst Ian Williams.

John Murphy of ODL Securities to feel anxious mood as investors looked for signs of economic strengthening.

"As we enter another week, we get as many answers to questions (about) the global economic health," he said.

"Although the firm's desired results good enough in terms of the title number, one can not escape the feeling that the underlying nervousness.