On Wednesday, Europe showed a record drop in ten months

Trading on the stock
European markets on Wednesday ended
a strong drop in the indices - shares
became cheaper against the background of the devaluation of the yuan and the
on weak China and euro zone reports. So,
Consolidated Stoxx Europe 600 index fell yesterday
2.7%, the British FTSE 100 - 1.4%, German DAX - 3.27%, French CAC 40 - 3.4%;
Greek ASE -
1.93%.

Yesterday, the People's Bank
China again lowered the official exchange rate
the yuan by 1.6% on market trading yuan
I hit 4-year low. Today
yuan decline continued a few
at a moderate pace.

As we learned from
reports, industrial production growth rates
in China slowed in July to 6% of June
6.8% figure does not live up to expectations
market. The volume of industrial production in the euro area
also declined in June by 0.4% MoM
terms, while analysts on average
predicted a decrease of 0.1%.

Unilever shares fell on Wednesday,
6.3%, and the company has lost because of this
about 7 billion euros capitalization. A fall
quotations due to the deterioration
recommendations from analysts Goldman Sachs.
European automakers, whose
profit largely depends
from exports to China have reduced yesterday
capitalization: shares Daimler AG, BMW AG and Renault
SA fell more than 3.5%. on fears
losses in China have fallen off as courses
shares of Valeo SA and LVMH Moet Hennessy Louis Vuitton - more
than 4.5%.

shares himkompanii
Henkel AG tumbled 8.9%, because its results
for the second quarter fell short of expectations
analysts. paper Dutch
insurer Delta Lloyd NV also lost
7.8% of the value of the bad news from
company. shares of publishing
Home Pearson Plc declined yesterday by 0.6% when
came the news of the sale of 50% of The
Economist for 469 million pounds ($ 731 million) Italian
investholding Exor SpA.