Germany’s main stock indexes fell on Monday after the collapse of coalition talks, causing European markets to continue dropping after seeing consecutive losses over the past two weeks.<\/p>\n
Germany’s Dax 30 fell 0.3%, but Roche Pharmaceuticals rose after the recent positive news of their drug tests, as well as speculation about deals in the utility sector that helped stabilize the STOXX 600 European index. Roche grew by 4.1% after the Swiss pharmaceutical company announced successful tests of 2 new products.<\/p>\n
The biggest growth on STOXX today came from the utility company RWE, which rose by 3.1% after the company said it was considering ways to reduce its stake in Enogi, in a move that could include a deal with Enel in Italy. The share is valued at 16.8 billion euros. The European index has fallen 2.8% since the beginning of the month, as investors were headed for their profit after strong gains in the index. Britain’s Financial Times 100 (.24%) and France’s CAC 40 (.13%) also experienced losses at the opening of trading sessions.<\/p>\n
European stocks were passive on Friday, in light of disappointing corporate data and reports from brokerage firms which weighed on overall market movements. Elior also fell 18%, after Europe’s third-largest catering company slashed growth forecasts. France’s Vivendi Media also fell on Friday after Q3 results fell below analysts’ expectations.<\/p>\n
On the gain side, Sky rose 2.7% after reports that the Comcast American Cable TV and Verizon Communications were interested in acquiring a large part of Fox Media’s assets.<\/p>\n","protected":false},"excerpt":{"rendered":"
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