London. Europe, the closing of the auction: Index retreated to the background of statistic data on the euro-zone economy

Stock markets in Europe were closed on Wednesday lowered the leading indicators of exchange against negative statistic data on the euro-zone economy and the nervousness of players ahead of corporate accountability for the III quarter. Unpleasant surprise for the market are totals for the GDP for the euro zone II quarter of 2009, which turned out to be worse than previous estimates. Euro-zone economy declined by 0,2% (previously reported a decrease of 0,1%) due to the decline in consumer spending, investment and exports. In today's trading session, the outsiders were shares of the financial sector. Quotes of Spanish Banco Santander fell by 1% (Santander today announced an IPO in its Brazilian unit), quotes, BNP Paribas, Societe Generale and UBS declined to 1,2-5,9%. Nobel laureate Joseph Stiglitz said on Wednesday that the leading economies have not yet emerged from "a severe recession," while the tools of the monetary authorities have already exhausted their possibilities. "We are seeing a situation where monetary policy has almost reached the limit of its possibilities" - Stiglitz said, referring to the ECB. Shares of British retailer Sainsbury and Germany's Metro retail chain have fallen in price on the basis of the trading session on 3,1% and 3,2%. Sainsbury reported slowing growth in quarterly sales in stores network, operating at least a year, causing a negative response from investors. Reducing quotations Metro comes amid reports that one of the founders of Otto Bayshaym sold part of its stake in retailers. As a result of trading session on 7 October, the British FTSE 100 index dropped to 0,57% - to 5108.90 points, the Germanic DAX fell by 0,30% - to 5640.75 points. The French CAC 40 retreated 0.37% - to 3756.41 points, the Swiss SMI - on 0,27% - to 6260.15 points. Pan-European FTSEurofirst 300 index declined on the basis of trading on 0,4% and amounted to 988.76 points.