European shares are going low

Pan-European Index STOXX 600 department of Gas and Oil lost 0.6 percent. And it is probably the biggest loss of this index. Sector went down because of the situation with the crude oil. The problem with oversupply is global, and while main representatives of OPEC are building the plans of a future meeting, China is buying crude oil from Iran.

Main European corporations, ENI and Total are also not so happy with new prices for its shares. Their stocks have lost 1 percent and 0.9 percent respectively.

German pharmaceutical company Stada lost 0.3 percent after the main investor Active Ownership Capital convinced every shareholder of Stada to remove the head of the supervisory board. They did it. However, the main problem was that this leading investor failed in the in the installing its main candidate for this job.



Huge French Corporation Alstom was among the minority that received an increase of its own shares. Stocks of this company rose by 2.9 percent after officials from this company signed the contract for 1.8 billion euro, which is almost 2 billion dollars with the American rail operator company Amtrak. They will make 28 new trains with the high speed.

Fingerprint Cards from Sweden received 4 percent increase after mass media shared the information about its collaboration with China. Journalists said that the client of Cards is preparing the launch of the smart card in the Asian country.

Both, French and Swedish companies raised its stocks after the news of new partnerships with countries of stable income.

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