Equity Org Headlines:
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Hunting plc leads energy sector lower
Sports Direct International leads London retailers higher
Pace plc drops 40 percent on profits warning
Royal Bank of Scotland leads London banks lower
Royal Bank of Scotland leads banks, FTSE 100 higher in London
Lloyds Banking Group drops 8 percent on first-quarter loss
Lloyds shares down on PPI claims
Aquarius Platinum adds 7 percent amid mostly lower mining sector
18/04/05
04:12:57 pm, Categories: Europe Eurofirst, 135 words Poor reports hit European equity markets
Technology stocks took the lead in sending the European markets down again on Monday.
On news that net profits in the first quarter did not meet expectations, shares in Phillips, the Dutch electronics company, had fallen by 3.8 percent by mid-afternoon.
On this news, and on similar news last week from IBM and Samsung, Infineon, the German chipmaker, was down as well, by 2.7 percent, ASML was off 1.7 percent, and STMicroelectronics was down by 1 percent.
The FTSE Eurofirst 300 had fallen by 1.8 percent to 1,063.66 by mid-afternoon, with only four stocks managing to post gains.
The Xetra Dax in Frankfurt was off 2.5 percent to 4,204.47, and in Paris the CAC-40 was down by 1.9 percent to 3,954.83.
Another factor, besides all the bad news out of the technology sector, were general worries about earnings and the possibility of an upcoming economic slowdown.
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