European Stock Fell As Impact Commodity Slump

European shares fell on Friday (18/12) with investors consider further decline in commodity prices.

Pan-Eropa 600 STOXX index fell more than 0.3 percent with all the main index traded lower.

Mining stocks are in focus in the middle of a collapse in commodity prices despite a number of shares in this sector traded higher.

Rating agencies Moody reviewing the company BHP Billiton with position downgrade, said that the weak commodity prices will survive for several years and will reduce corporate earnings and cash flow flow. However, BHP Billiton stocks traded higher.

The company Glencore, Rio Tinto and Anglo American all the cutting for the price of their shares from Goldman Sachs. But all the stocks traded higher.

Shares of the French retailer Casino continuously pressured after research company Muddy Waters said the company is one of the "most overvalued ".

A report in the newspaper Guardian last week suggested that some staff in the British retailer Sports Direct obtain a reduction in the law. But the company released a statement on Friday in which he said the founder of Mike Ashley will monitor personal changes the contract workers. The shares reacted positively to the news.

Volkswagen said on Thursday that he will prepare the program independent claims in the US are affected by emissions scandal. The German car manufacturer shares closed slightly higher.

In other news, British Prime Minister David Cameron do dinner talks with other leaders of the European Union (EU) on Thursday to discuss the British membership of the European Union and the demands for reform in the block, including allows the concession of England to the rule regarding the migrant workers.

This afternoon the monitored area index Europe is still in the negative zone.