Share indexes in Europe falling on Tuesday due to a sudden fall in business confidence in Germany, reported Bloomberg.

index of confidence of investors and analysts to the economy of Germany, produced by the research institute ZEW, unexpectedly fell in October to 56 points with 57.7 points a month earlier. Analysts expected rate increase to a maximum of three years - 58,8 points. Investors fear that the economic recovery after the recession is still fragile and volatile.

composite index of the region Dow Jones Stoxx 600 with the opening of markets dropped by 0,8%. Since the March low indicator soared by 53%, resulting in a ratio value of the shares of an index for the projected profit increased to 46.9 times, which is close to its highest level since June 2003.

Since then, as the indexes reached high levels, each of disappointing economic statistics can excite the market, - said fund manager CamGestion Bruno Dakros. - The market will focus on the arguments of the companies in the reporting period and will look at the data on revenues, in order to understand whether there is economic recovery.

Stock quotes British bank Barclays fell 3.2% on negative news from the United States. Analyst Meredith Whitney downgraded the shares to Goldman Sachs Group to neutral from buy. She also noted that it has become much less optimistic with regard to banking stocks and recommends investors to capture profits after they have risen in price more than doubled since March.

Paper

Lloyds Banking Group, the UK's biggest mortgage bank, fell 1.8%. Bank will have to spend more than 2 billion pounds ($ 3.2 billion) in order to avoid the need to participate in the government program of insurance of problem assets at 260 billion pounds, sources said.

Cost

Marks Spencer shares fell 4.3%. The British chain of clothing stores expects that the costs of restructuring the network of suppliers will reach 1 billion pounds for the year 206.

index of the largest enterprises in Europe Dow Jones Euro Stoxx 50 to 19:22 has decreased by 33.83 points (1.16%) - up to 2,880.52 points.

British FTSE 100 by this time dropped to 46 points (0.88%), amounting to 5,164.17 points.

French CAC 40 index lost 41.54 points (1.08%) - up to 3,804.26 points.

Deutsch DAX with the opening of the market declined by 68.39 points (1.18%) and amounted to 5,714.84 points.

All the major stock indexes eighteen Western European countries showing a decrease in the course of trading on Oct. 13.

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