Barratt Developments Drop 15 Percent In Homebuilder Downturn

European equities markets declined on Wednesday, because investors feared about losses for banks, increasing unemployment ratio in the UK and gain in crude oil prices.

The FTSE 100 was 1.55 per cent lower to 5,448.6 in London, while the FTSE 250 declined 1.96 per cent to 8,109.5.

Homebuilders were down as Barratt Developments (LSE: BDEV) decreased 15.31 percent and Taylor Wimpey (LSE: TW) declined by 8.1 percent.

The FTSE Eurofirst 300 was down 2.42 per cent to 1,179.64 while Frankfurt's Dax declined by 2.49 percent to 6,422.10, Madrid's IBEX fell 2.51 percent to 11,695.4 and the Paris CAC-40 decreased 2.56 per cent to 4,402.97.

Asia-Pacific equities markets were down on new data reveling that Japan's economy contracted by 0.6 per cent in the second quarter as consumers washed-out less and there were lesser exports.

The Nikkei 225 fell 2.11 per cent to 13,023.05 while the Topix index dropped by 1.96 per cent to 1,246.48 and the Mothers market of small and mid-caps was 3.44 per cent lower to 456.68.

Whereas in the region, the Taiex was decreased 0.02 per cent to 7,292.34, the Straits Times Index was down 0.18 per cent to 2,811, the Shanghai Composite fell 0.44 per cent to 2,446.3 and India's Sensex was 0.78 per cent lower to 15,093.12.

The Kospi index fell 0.91 per cent to 1,562.72 in South Korea and Hong Kong's Hang Seng was down 1.61 per cent to 21,293.32 while in Australia the Sydney Ordinaries was down 1.85 per cent to 4,995.9 and the S&P/ASX200 decreased 2.02 per cent to 4,951.6.

In early afternoon trade in New York, the Dow Jones Industrial Average was down 1.09 per cent to 11,515.78 while the Nasdaq Composite was down 0.44 per cent to 2,419.99 and the S&P 500 dropped 0.5 per cent to 1,283.2.

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