Downfall Trend for European Stock market

The European Equity again show cased a downfall trend. The Dow Jones Stoxx 600 fell 0.5 percent. The Dow Jones Stoxx 50 Index declined 0.6 percent. The Euro Stoxx 50 Index, a benchmark for the 13 nations using the Euro, decreased 0.7 percent to 4383.02.

Europe's largest phone company Deutsche Telekom AG is not expanding in emerging markets to concentrate on strengthening its position in countries where it already does business. The shares of Deutsche Telekom have sipped to 0.3 percent to 13.61 euros.

The world's largest maker Heidelberger Druckmaschinen AG of printing machines plans to hold its annual earnings conference. The company last month said fiscal fourth quarter profit advanced 19 percent as accelerating economic growth in Germany spurred investment in equipment. The shares fell 66 cents to 36.80 euros.

Europe's largest clothing retailer Hennes & Mauritz AB may say first-quarter net income advanced 23 percent to 185 million euros. Europe's second-biggest clothing retailer dropped 0.1 percent to 420.5 kronor.

I thought that atleast today I could see European Equity in an increasing trend. But alas, it didn’t. In my opinion the stocks may still go down till the end of this week. Let’s hope for the best.