Tuesday, February 25, 2014

Epic Research Singapore : U.K Market Update

European stock markets fell from a six-year closing high on Tuesday, with mining firms sliding as metals prices weakened and Vivendi SA dropping after an earnings report. The Stoxx Europe 600 index XX:SXXP -0.28% lost 0.3% to 337.21, after closing at the highest level since January 2008 on Monday. Miner Rio Tinto PLC UK:RIO -2.86% RIO -2.72% AU:RIO -1.34% gave up 2.9%, BHP Billiton PLC UK:BLT -1.56% BHP +0.06% AU:BHP -0.71% fell 1.8% and Glencore Xstrata PLC UK:GLEN -1.50% erased 1.8%. French telecom firm Vivendi SA FR:VIV -3.48% declined 2% after saying sales continued to suffer at its phone business SFR last year. Among country-specific indexes, the U.K.'s FTSE 100 index UK:UKX -0.51% dropped 0.5% to 6,830.17 after closing at the highest level since 1999 on Monday. France's CAC 40 index FR:PX1 -0.44% eased 0.5% to 4,398.32 and Germany's DAX 30 index DX:DAX -0.34% lost 0.4% to 9,673.09.

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