European stock markets retreat for energy firms

The minimum recorded European markets fall about 0.5 percent. Investors remain attentive to a number of key facts about the world economy to be known in coming days.
European shares fell in early trading today after a sharp rebound the previous day, with the weakness of the values associated with raw materials, especially energy, neutralizing the progress of the financial sector, supported by BNP Paribas.
The FTSEurofirst 300 was down 0.26 percent, to 998.79 points, after rising 1.8 percent in the previous session. For the year to the selective has risen 20 percent and 55 percent from the March lows, and is on track to close its best quarter in nearly a decade.
Energy issues were under pressure from falling oil prices, which shed 0.4 percent. Shares of BP, Royal Dutch Shell, BG Group, Tullow Oil, Repsol and Total lost between 0.2 percent and 1.25 percent."The market has come a long way in a relatively short period, but there are some concerns and the investor still nervous," said Kevin Bowman, an analyst at Hargreaves Lansdown.

"We have critical data that will be released this week and will be important for market direction from here on," he added. Investors will look at consumer confidence report for September in the United States.
Before the weekend the focus will be on employment data in that country. Miners also fell in tandem with drops of 0 percent in the price of copper and 0.8 percent in the price of aluminum. BHP Billiton, Anglo American, Rio Tinto, Xstrata and Eurasian Natural Resources fell between 0.8 and 2 per cent.

Financial stocks were among the defendants. The DJ Stoxx banking sector rose 0.6 percent, accumulating a gain of 173 percent from lows in March.BNP Paribas rose 2.3 percent because investors were welcomed its intention to launch a capital increase of 4,300 million and its debt to the French state for financial assistance received.
In addition, Standard Chartered, Barclays, Lloyds, Royal Bank of Scotland and Societe Generale rose between 1.3 and 1.6 percent. Local indexes, Britain's FTSE 100 lost 0.27 percent, Germany's DAX, 0.45 per cent and the French CAC 40 0.39 percent.