Monday, February 24, 2014

Epic Research Singapore : U.K Market Update


European stock markets slipped from a six-year high on Monday, with markets mirroring a weak trading session in Asia, where the mood was dented by concerns about the Chinese property market. The euro, meanwhile, advanced after better-than-expected German business-confidence data.

The Stoxx Europe 600 index XX:SXXP -0.26%  dropped 0.3% to 335.22 after closing at the highest level since January 2008 on Friday.

Banking heavyweight HSBC Holdings PLC UK:HSBA -3.49% HSBC -3.11%   HK:5 -0.53% dropped 3.7% after reporting full-year earnings that missed expectations.

Among notable movers, shares of Volkswagen AG DE:VOW3 -5.04% slumped 6.3% after the German car maker late Friday offered to buy out minority shareholders in Scania AB.

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