Europe’s stock markets are off to a subdued start to the new year. Weak economic data from China led to significant initial losses, which could be closing a little reduced.

The German share index (Dax) turned positive in late trade ins Plus and closed 0.2 percent higher at 10.580 points. Also, the British share index FTSE 100 castle after heavy early losses with a small increase of 0.09%. The EuroStoxx50 lost against 0.27 per cent to around 2992 counter.

the reason for the weak Start to the new year was a decrease in transactions by Chinese industry: for the First time in two years, China’s industry has shrunk. The Figures signaled that the recovery had peaked, said Tim Graf, chief strategist from investment adviser State Street. Furthermore, the European economy suffered from the end of the ECB’s money injection.

headache, prepared for investors in addition, the Etatstreit in the United States. This is interfering with the so-called Shutdown in nearly two weeks, large parts of the Federal authorities.

For the Euro it went down: He fell by 0.9 per cent to 1.13 dollars. Some investors took a course on “safe havens”. The “anti-crisis currency” Gold rose 0.3 percent to 1285,50 dollars per Troy ounce (31.1 grams), The demand for government bonds pushed the yield on ten-year title on 0,163 percent.

With relief responded to the investors on the adoption of the reworked Italian budget by the Parliament, in Rome on the weekend. You to handles in the bonds of the country and pushed the yield on ten-year papers, to 2.71 percent.

times/dpa/Reuters