LONDON (ShareCast) - European markets continued yesterday's slide in early dealings Tuesday, with weak banking shares offsetting strong pharma stocks.
Among the banks, Credit Agricole (Paris: FR0000045072
- news) , Commerzbank (Xetra: 803200 - news) , Societe Generale (Paris: FR0000130809 - news) , Santander (Madrid: SAN.MC - news) and UniCredit (Milan: UCG.MI - news) are all stuck in the red early on.
Peugeot Citroen, Europe's second-largest carmaker, said it expects to post an operating loss of up to €2bn this year, and announced plans to issue up to €575m of convertible bonds.
Across the markets, the German DAX is down 4 points at 4,689 with the French CAC falling 19 points at 3,103. The Swiss market dropped 15 points to 5,295.
On the positive side, pharmaceutical giants Roche (Virt-X: ROG.VX - news) , GlaxoSmithKline (LSE: GSK.L - news) and AstraZeneca (LSE: AZN.L - news) are all going well.
In economic news, the preliminary Markit purchasing managers index rose for the fourth month in a row in June, to 44.4 from 44.0 in May.
CAC 40 (Paris: news) - Risers
Carrefour (CA) € 30.88 +3.55%
Bouygues (EN) € 25.79 +3.37%
Essilor International (EI) € 33.67 +1.11%
L'Oreal (Paris: FR0000120321 - news) (OR) € 52.50 +1.06%
EADS (Paris: NL0000235190 - news) (EAD) € 11.20 +1.04%
Lagardere SCA (MMB) € 22.92 +0.99%
EDF (EDF (Paris: FR0010242511 - news) ) € 34.72 +0.62%
Alcatel (Paris: FR0000130007 - news) -Lucent (ALU) € 1.78 +0.56%
Veolia Environnement (Paris: FR0000124141 - news) (VIE) € 20.86 +0.43%
Unibail-Rodamco (UL) € 105.36 +0.35%
CAC 40 - Fallers
ST Microelectronics (Paris: NL0000226223 - news) (STM) € 4.96 -6.68%
Michelin (Paris: FR0000121261 - news) (ML) € 37.88 -3.11%
Credit Agricole (ACA) € 9.62 -2.83%
Renault (RNO) € 24.22 -2.73%
Air France (Paris: FR0000031122 - news) -KLM (AF (Stockholm: 45674.ST - news) ) € 8.69 -2.58%
Vallourec (VK) € 82.33 -2.32%
Societe Generale (GLE) € 38.10 -2.06%
AXA (CS) € 12.94 -1.75%
Schneider Electric (Paris: FR0000121972 - news) (SU) € 51.72 -1.71%
Alstom (ALO) € 40.78 -1.37%
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