European stock indices fall as automakers

European stock indices fall as the stock of automakers against the publication of weak financial results of the company for Volkswagen 1К16. Also additional pressure on the mood of the bidders has the publication of controversial statistics in the EU. Most Asian indices rose at the end of the trading session on Tuesday on expectations of liquidity growth in the Chinese paper.

European stock indices currently reduced stock decline after the stock OEMs on the background of the publication of weak financial results Volkswagen (-3,5%) for 1К16. Net profit of the company Volkswagen amounted to 2.4 billion euros and decreased by 16% y/y Following a decline of Volkswagen securities stock BMW (-0,37%) and Peugeot (-0,66%). Also investors have negatively reacted to today’s publication of mixed macroeconomic statistics in the EU. The consumer price index in may dropped 0.1% yoy, demonstrating inflation in the region for the fourth consecutive month, despite the active actions of the ECB on easing bets and start the program of purchase of assets of 240 billion euros. Assessment of the current macroeconomic trends, the house price index can be obtained only at a regular meeting of the regulator, which will be held on Thursday. The Chinese Shanghai composite index rose on Tuesday’s 3.3% on expectations that the increase in the weight of Chinese stocks in the MSCI index could lead to capital inflows into the stock market at $16 billion.

European stock indices fall as automakers 31.05.2016

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