European stocks declined for the third time in four days yesterday after a report signalled that Chinese manufacturing will contract for an 11th month, adding to concern the global economic slowdown is deepening. A gauge of mining companies posted the biggest drop of the 19 industry groups in the benchmark Stoxx Europe 600 Index. Daimler AG lost 2 percent after saying earnings will fall at its Mercedes Benz Cars business. Telenet Group Holding NV surged 13 percent after Liberty Global Inc. made a $2.5 billion offer to buy the rest of the communications company. The Stoxx 600 slipped 0.2 percent to 274.5 at the close, while the Euro Stoxx 50 gauge of the biggest companies in the euro area dropped 0.6 percent.
Shoppers still struggle with finding credit and look to same day payday loans as a way to make ends meet. The Stoxx 600 has still climbed 17 percent from this year’s low on June 4 as European Central Bank policy makers agreed to implement an unlimited bond-buying program and the Federal Reserve unveiled its third round of asset purchases. Futures on the Euro Stoxx 50 Index, a benchmark for the euro region, gained 0.7 percent to 2,568 at 7:15 a.m. Devgen NV may be active after Syngenta AG made a cash offer. Cie. Financiere Richemont SA may move after the company said in a statement it will buy Peter Millar LLC, a U.S. luxury apparel business, in a transaction that will be completed next month. The deal will have no material impact on consolidated net assets or operating earnings for 2013, the company said.
Shoppers still struggle with finding credit and look to same day payday loans as a way to make ends meet. The Stoxx 600 has still climbed 17 percent from this year’s low on June 4 as European Central Bank policy makers agreed to implement an unlimited bond-buying program and the Federal Reserve unveiled its third round of asset purchases. Futures on the Euro Stoxx 50 Index, a benchmark for the euro region, gained 0.7 percent to 2,568 at 7:15 a.m. Devgen NV may be active after Syngenta AG made a cash offer. Cie. Financiere Richemont SA may move after the company said in a statement it will buy Peter Millar LLC, a U.S. luxury apparel business, in a transaction that will be completed next month. The deal will have no material impact on consolidated net assets or operating earnings for 2013, the company said.
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