BUSINESS INFORMATION - European shares Bervariasai After dismal data

BUSINESS INFORMATION - European shares Bervariasai After dismal data


European major stock markets ended Tuesday varies in local time, although some companies report encouraging, after new data showed private sector loans and eurozone U.S. consumer confidence fell.


The FTSE 100 index in London rose 0.18 percent to thin 5200.97 points, the CAC index in Paris fell 0.01 percent and Frankfurt's DAX index also fell 0.13 percent.

On Wall Street, the Dow Jones up 0.38 percent at 9905.07 points, while the Nasdaq composite index fell 0.77 percent to 2125 in afternoon trading.

Asian markets closed down sharply with Tokyo stocks slipped 1.45 percent and Hong Kong shares lost 1.86 percent.

"We believe that the shift in the focus turned back to the economic reports and move away from company earnings reports," said Scott Marcouiller, senior markets strategist at U.S. investment firm Wells Fargo Advisors.

Conference Board, a private U.S. research company, said the consumer confidence index fell for the second consecutive month, to 47.7 in October from 53.4 the revision number in September.

At this decline is much steeper than expected by Wall Street.

Lynn Franco, Conference Board research director, said labor market conditions play a "central role in this bleak assessment."

"Consumers are also still quite pessimistic about the future of their income, a sentiment that is likely to limit spending during the holidays."

Ian Shepherdson, chief U.S. economist at High Frequency Economics, who called the prospect of a decrease in "bad news" because it is a primary indicator of short-term consumer spending - the main drivers of the U.S. economy.

On the other hand the European Central Bank said that bank lending to the private sector in 16 countries using the euro currency

shrank in September for the first time on record.

Loans having contractions 0.3 percent, after growing by 0.1 percent in August.

Some help to market the property sector comes from the United States - the epicenter of the global economic crisis - in which new data showed that U.S. housing price decline continues in August.

Indedks Standard & Poor `s / Case-Shiller showed home prices drop 11.3 percent year-to-year in 20 major metropolitan areas - the smallest decline since January 2008.

Meanwhile, in foreign exchange trading, the dollar reached a five-week high against the yen amid speculation that the U.S. Federal Reserve may signal mmeberikan a clear time frame for lifting interest rates.

In London, the stock market was helped by the British oil giant BP is better than expected, which reported that third quarter net profit fell 34 percent, hit by oil prices lower despite higher production.

The company says net profit, excluding the impact of stock, fell 50 percent from a year earlier to 4.98 billion dollars.

I BP shares ended 4.81 percent higher at 594.40 pence.

Meanwhile, banking stocks weakened, with state-owned Royal Bank of Scotland fell 8.14 percent to 40.81 pence, Lloyds Banking Group fell 6.16 percent 83.84 pence and Barclays fell 3.63 percent to 339.80 pence.

Elsewhere in Europe, Amsterdam closed down 0.49 percent, 2.01 percent plunge Brussels and Madrid slim 0.1 percent rise, while Zurich rose 1.03 percent supported the rally by pharmaceutical company Novartis and Roche.