European stocks slid for a second day as commodity producers retreated on lower prices and global growth concerns, while Credit Suisse Group AG and Nordea dragged banks lower.
A gauge of miners on the Stoxx Europe 600 Index fell for a fourth day, with Rio Tinto Group and Glencore Plc weighing heaviest. Credit Suisse lost 3.3 percent after saying it will raise about 6.05 billion Swiss francs ($6.3 billion) of capital as part of a reorganization. Nordea lost 5.5 percent after Scandinavia’s biggest bank said quarterly profit fell 17 percent as record-low interest rates eroded revenue. Svenska Handelsbanken AB lost 5.5 percent and SEB AB slipped 2.5 percent after results missed projections.
The Stoxx 600 fell 0.4 percent to 361.21 at 9:54 a.m. in London. Worse-than-expected Japanese trade data underscored the fragility of the world economy, while Chinese stocks tumbled amid uncertainty over valuations after the recent rally. Today’s declines deepened investor gloom prompted yesterday after data showing an improvement in euro-area lending conditions damped the likelihood of further European Central Bank stimulus to spur the euro-area economy.
AVG Technologies NV (NYSE:AVG) develops and sells online service solutions and Internet security software under the AVG brand name. AVG Technologies NV shares are trading 47.02% above their 52 week low price after the last close and -18.04% below the 52 week high. Its latest closing price was above 1.26% from the average-price of 200 days while it kept its distance from the SMA50 at 2.24% and 5.38% compared with the SMA 20.
Shares of Allied World Assurance Co Holdings, AG. (NYSE:AWH) were 12.07% off 52 week lows as of the latest close and -12.28% below the 52 week high. Its latest closing price was below -3.64% from the average-price of 200 days while it maintained a distance from the SMA 50 at -0.16% and 2.72% compared with the SMA 20. Allied World Assurance Co Holdings, AG. Through its subsidiaries, provides property, casualty, and specialty insurance and reinsurance solutions worldwide.
AstraZeneca plc (ADR) (NYSE:AZN) engages in the discovery, development, and commercialization of prescription medicines for the treatment of cardiovascular, metabolic, respiratory, inflammation, autoimmune, oncology, infection, and neuroscience diseases worldwide. The stock’s latest price traded at 4.85% off 52 week lows after the closing bell and was -15.13% behind its 52 week high. Its latest closing price was -7.19% below the SMA200 while the distance from the SMA 50 and SMA 20 was -4.51% and -3.41% respectively.
BHP Billiton plc (ADR) (NYSE:BBL) is trading 15.70% higher than the 52 week low price and -34.74% below the 52 week high. The stock’s latest closing price was -14.35% below from the average-price of 200 days while it kept its distance from the SMA50 at 1.74% and 1.67% compared with the SMA 20. BHP Billiton plc together with its subsidiaries, operates as a resources company that discovers, acquires, develops, and markets natural resources worldwide.
Barclays PLC (ADR) (NYSE:BCS) through its subsidiaries, provides various financial products and services worldwide. Barclays PLC (ADR) so far this year has moved up 6.17% and its monthly performance stands at -0.76%. The stock was down 17.87%from its 52 week low and was -13.26% below the 52 week high. Its latest closing price was below -1.09% from the average-price of 200 days while it kept its distance from the SMA50 at -1.59% and 1.75%compared with the SMA 20.