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European stocks were down, which was associated with the fall of Asian stocks, as well as information from China. According to the statement, which was presented today by the State Council, China will increase the down payments and interest rates on second mortgages in the cities, where there was an overgrowth of prices, and ordered to strict compliance sales taxes against the three-year campaign to cool the property market. In addition, the State Council said that the regional offices of the People's Bank of China may implement measures under the price control objectives of local government. Meanwhile, the statement says that the city faced with a relatively large pressure from rising house prices, should tighten restrictions on housing sales.
Cost HSBC fell 3.1% to 705.5 pence, while showing the largest drop in eight months after Europe's largest lender reported a profit before tax declined by 5.6% in 2012 due to a record settlement to combat money laundering in the United States. As it became known, the profit was $ 20.650 billion, compared with forecasts of $ 23.490 billion
Shares of Anglo American Plc (AAL) fell 3.4% to 1,836 pence after Nomura Holdings downgraded the shares to 'sell' from 'neutral'.
Debenhams price fell by 11% to 84 pence, showing the biggest drop in the Stoxx 600. The second-largest seller of Great Britain said that the forecast profit before tax for the first half of this year will fall to 120 million pounds.Shares of Kuehne & Nagel International AG fell 5.2% to 100.50 francs. Largest sea freight forwarder in the world, said the chief executive Reinhard Lange to resign for health reasons. Meanwhile, it was reported that profits for the year 2012 did not meet analysts' expectations. Full year profit fell 19% to 485 million Swiss francs ($ 515 million), compared with forecasts at 523 million francs.
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