Trade The News | Jan 16, 2013 06:57AM ET
FTSE 100 -0.50% at 6,086, DAX -0.30% at 7,656, CAC-40 -0.40% at 3,682, IBEX-35 -0.80% at 8,534, FTSE MIB -1.3% at 17,245, SMI +0.10% at 7,276, S&P 500 Futures -0.25% at 1,461
European equity markets have tracked the declines seen in the Japanese equity markets, ahead of earnings from US banks (including JP Morgan and Goldman Sachs). Today's weakness has been led by Italy's FTSE MIB and Spain's IBEX-35, amid the slight rise in peripheral bond yields. In terms of the banking sector, French banks have underperformed for the second straight session, following the recently announced changes to certain domestic saving rates. Resource related firms are broadly lower, tracking the declines in commodity prices.
German movers: Gerresheimer -2.5% (broker commentary); Metro +1.5% (Q4 sales, reaffirmed outlook),Fresenius SE +1% (broker commentary),Lanxess +0.60% (reaffirmed outlook)
UK movers: French Connection -9.5%(sales update),Taylor Wimpey -4% (broker commentary), Thorntons -4% (sales update), Imperial Tobacco -3.5% (ex-dividend),JD Wetherspoon -2.8% (sales update), Bumi PLC -2.5% (concerns related to Bakrie proposal), Arm Holdings -1.5% (broker commentary), ITV -1.5% (broker commentary), Diageo -0.50% (broker commentary); Experian +0.50% (Q4 update)
French movers: Faurecia -7.5% (FY results, debt levels),Alcatel-Lucent +1% (contract award)
Norwegian movers: Marine Harvest -2% (Q4 update)
Dutch movers: Pharming -10% (convertible bond offering), SNS Reaal (EU ruling related to bank bad
Switzerland movers [Dufry -2.5% (share sale speculation),Barry Callebaut -1.6% (Q1 sales update)]
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