Germany leads European shares lower after industrial orders fall

martes 5 de abril de 2016 04:19 GYT
 

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)

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By Alistair Smout

LONDON, April 5 (Reuters) - European shares fell on Tuesday, led lower by German stocks after industrial orders unexpectedly dropped in Europe's biggest economy, with exporters such as autos also coming under pressure.

German industrial orders fell in February in a surprise for economists, due to weaker foreign demand, particularly from euro zone countries.

While domestic demand rose, foreign orders slipped 2.7 percent, suggesting a slowdown in the global economy was leaving its mark.

Other surveys found that French business activity had stagnated, while Germany's private sector was supported by a vibrant service sector. However, despite domestic resilience, the damage had been done to Germany's export oriented blue-chip index.   Continuación...