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LONDON: European shares clawed back some gains from last week's losses on Monday and the euro backed off three-week highs as investors traded cautiously ahead of key data this week including an Italian bond auction and a key German economic sentiment index.

After a run of positive numbers, weak PMI reports last week stoked fears thatChina's economy is slowing and the euro zone is sliding into recession.

The FTSEurofirst 300 opened a third of a percent higher after losing 2.6 percent the previous week, the worst so far this year.

"This is going to be a sideways to slightly bearish market for a least a couple of weeks inEurope," said Valerie Gastaldy, general manager of Paris-based Technical analysis firm Day by Day.

MSCI's main world stock index fell 0.1 percent. The euro dropped 0.2 percent to $1.3250.

German Bund futures inched up at the open with traders bracing for softer Ifo sentiment data after weak manufacturing figures last week renewed growth worries aboutEurope's biggest economy.

                 

Copyright Reuters, 2012


 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln