gnutrade.satya
Senior Member
Cash: $ 48.60
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Joined: 06 May 2009
Location: Hyderabad
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| European stocks ended lower |
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Economic figures failed to impress the investors and adding to this spike in chinese inflation increased the prospects of interest rate hikes in the country and this took the shares in europe especially CAC to end on a lower note. Gerhard Schwarz, head of global equity strategy at UniCredit said: "We have a lack of drivers probably in the short term. Chinese figures that came out this morning remind us that we will see a further tightening of conditions globally over the next couple of months."
UK’s FTSE 100, France’s CAC 40 and the Germany’s DAX ended lower between 0.1 to 0.4 percent.
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