This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

European and Asian Stocks Drift Lower

LONDON ( The Deal) -- European and Asian markets drifted down on Monday, as traders took a break following last week's rallies and awaited the reopening of the U.S. markets after the July 4 holiday.

On the macro front, disappointing German industrial production figures weighed on eurozone markets. Economists had expected output to flatline in May. Instead, production fell 1.8% month-on-month from April.

German airline Deutsche Lufthansa rose 1.18% to 15.81 euros, lifted by plans for a new joint venture with Air China later this year. But Franco-German aircraft-builder Airbus Group lost 0.22% to 47.89 euros, despite an agreement to sell 123 helicopters to Chinese companies, and Franco-Dutch rival Air-France dropped 1.55% to 9.57 euros on renewed speculation it may sell its money-losing cargo airline Martinair.

On the ground, French carmaker Renault rose 2.6% to 72 euros, after first-half sales rose 4.7% worldwide and as much as 18% in its European markets, from the same period the previous year.

Mining stocks fell on weakening metals prices. Chilean miner Antofagasta was the biggest faller in London this morning, down 1.94% at 811 pence.

Global brewer SABMiller fell 0.62% to 3,376 pence, on news it is to dispose of its 39.6% stake in South African hotel and entertainment group Tsogo Sun Holdings, valued at $1.09 billion.

In Milan, Mediaset shares gained 1.89% to 3.77 euros, after Spanish telecoms group Telefonica agreed to buy an 11.1% stake in the Italian broadcaster's pay TV business, Mediaset Premium, for 100 million euros.

The FTSE 100 was down 0.2% at 6,852, and in Paris, the CAC40 was down 0.39% at 4,451. Frankfurt's DAX index was down 0.17% at 9,991.7.

In Tokyo, the Nikkei 225 closed own 0.37% at 15,379.44, while in Hong Kong, the Hang Seng closed down 0.02% at 23,540.92.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $110.38 0.00%
FB $92.07 0.00%
GOOG $626.91 0.00%
TSLA $247.57 0.00%
YHOO $30.71 0.00%


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs