EU shares lower, Asia mixed -9/12/13

Eurozone industrial production unexpectedly falls

• Eurozone industrial production returned to contraction in July, tumbling to -1.5% on month from +0.6% in June and missing consensus of +0.1%.
• On year, output -2.1% vs -0.4% and -0.1%.
• The worse-than-expected figures bring into doubt the sustainability of the eurozone's nascent recovery from recession and are somewhat in contrast to more upbeat PMI data.
• The euro takes a tumble and is now -0.2% at $1.3287. (PR)
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• ETFs - Stocks: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX

EU shares lower, Asia mixed

• European shares are mostly lower following some surprisingly poor industrial output data out of Italy and the eurozone as a whole. Stocks were higher earlier in the session.
• EU Stoxx 50: -0.1%, London -0.1%, Paris -0.3%, Frankfurt -0.2%, Madrid +0.1%, Milan -0.7%.
• In Asia, Japan -0.3%, Hong Kong +0.1%, China +0.6%, India -1.5%.

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