Best commodities - European Markets outlook april 12, 2011 : European stock markets fell in early trade on Tuesday as concerns over Japan nuclear crisis weighed on the sentiment, while commodity related shares declined due to lower energy and metals prices.
The Stoxx Europe 600 Index declined 1.08 percent to 277.96. DAX30 declined 70.29 points or 0.98 percent to 7,134.57 and CAC 40 fell 41.20 points or 1.02 percent 3,997.50, while FTSE 100 declined 48.26 points or 0.80 percent to 6,005.18.
Japan nuclear agency has raised severity level of the crisis at a stricken nuclear plant Tuesday to rank it on par with the 1986 Chernobyl disaster. According to Japan's Nuclear and Industrial Safety Agency, the amount of radiation emission released at the Fukushima plant was equivalent to 10 percent of Chernobyl.
Oil producers declined as crude oil for May delivery fell to $109.88 a barrel. British Petroleum declined 1.32 percent and Royal Dutch Shell fell 1.03 percent.
Among mining shares, BHP Billiton declined 2.39 percent and Rio Tinto fell 2.58 percent, while Xstrata Plc declined 2.45 percent.
Among automakers, Daimler declined 0.61 percent to 50.34 euros and Volkswagen declined 2.41 percent to 101.45 euros, while Renault declined 2.48 percent to 37.91 euros.
Game Group Plc. slumped 9.25 percent after the company stock was downgraded to “sell” rating from “neutral” rating at UBS.
The Stoxx Europe 600 Index declined 1.08 percent to 277.96. DAX30 declined 70.29 points or 0.98 percent to 7,134.57 and CAC 40 fell 41.20 points or 1.02 percent 3,997.50, while FTSE 100 declined 48.26 points or 0.80 percent to 6,005.18.
Japan nuclear agency has raised severity level of the crisis at a stricken nuclear plant Tuesday to rank it on par with the 1986 Chernobyl disaster. According to Japan's Nuclear and Industrial Safety Agency, the amount of radiation emission released at the Fukushima plant was equivalent to 10 percent of Chernobyl.
Oil producers declined as crude oil for May delivery fell to $109.88 a barrel. British Petroleum declined 1.32 percent and Royal Dutch Shell fell 1.03 percent.
Among mining shares, BHP Billiton declined 2.39 percent and Rio Tinto fell 2.58 percent, while Xstrata Plc declined 2.45 percent.
Among automakers, Daimler declined 0.61 percent to 50.34 euros and Volkswagen declined 2.41 percent to 101.45 euros, while Renault declined 2.48 percent to 37.91 euros.
Game Group Plc. slumped 9.25 percent after the company stock was downgraded to “sell” rating from “neutral” rating at UBS.
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