Investiční bankovnictví (Komerční banka)
World markets  |  April 17, 2013 16:31:00

European stocks continue to decline

The main stock indexes today, falling by 1-1.5%. European shares weaken as the fourth day in a row, while the least successful mining and energy companies. Shares fall as BHP Billiton after the announcement of weaker growth in the production of iron ore. About 3% fall also Tesco shares after British retail chain announced its first decline in full-year profit after 20 years and plans to retire from the USA. U.S. stocks negatively affected disappointing results from Bank of America or Yahoo.

The Prague Stock Exchange in accordance with the development of lead markets closed down 0.9%. The large emissions failed mainly VIG shares and Commercial Bank, the largest decrease was recorded in Philip Morris CR (-7.2%).Shares of tobacco companies but the first time today traded ex-dividend in the amount of CZK 900 per piece, and therefore the decrease of today's 840 crowns a relatively good result. Among the losers were again today, instead of NWR mining stocks (-2.8%), which expanded its historical minimum. This afternoon trading at just 58 crowns apiece, which was the lowest since their introduction to the stock market less than five years ago.

Author: Josef Dumb

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