Weaker Swiss stocks push down European shares

LONDON, Dec 10 (Reuters) European shares slipped on Tuesday, weighed down by major Swiss stocks as a rally in the Swiss franc raised canada goose black friday sale fresh concern about the country exports.

The pan European 2018 canada goose outlet FTSEurofirst 300 index canada goose outlet toronto factory fell 0.7 percent buy canada goose jacket to 1,262.98 canada goose outlet store locations points. Canada Goose Coats On Sale Swiss stocks such as chemicals groups Roche, drugs group Novartis and food company Nestle took the canadian goose jacket most canadagoose-coats points off the index.

Switzerland SMI benchmark equity canada goose clearance index closed down 1.1 percent as the Swiss franc rose Canada Goose Outlet to a two year high against the dollar on Tuesday.

Swiss franc has strengthened. This could weigh on the country exports, and this is why the SMI is down, said SteppenWolf Capital chief investment officer Phoebus Theologites. Federal Reserve will start scaling back its Canada Goose sale economic stimulus measures as early as this month, traders said.

The euro canada goose zone blue chip Euro STOXX 50 index declined by 0.9 percent to 2,960.86 points. Germany DAX, which has hit record highs this canada goose coats year, fell 0.9 percent to 9,114.44 points.

Late Canada Goose Online on Monday, canada goose clearance sale St. central bank policy making committee, said the Fed could reduce its monthly bond purchases slightly this month, sooner than most economists expect.

Although many traders still felt the canada goose coats on sale Fed canada goose deals was more likely to start tapering its bond Canada Goose online buying in March, the uncertainty was enough to hold back equity markets and cause a 3.2 percent rise on the Euro STOXX 50 Volatility Index.

CASHING IN PROFITS talking about tapering, and that causing people to take buy canada goose jacket cheap a bit off the table, said Darren Courtney Cook, head cheap Canada Goose of trading canada goose replica at Central Markets Investment Management.

In spite of Tuesday pullback, the FTSEurofirst 300 index remains up by around 11 percent since the start of 2013 and the Euro STOXX 50 up by 12 percent. The DAX is still up nearly 20 percent and the Swiss SMI up by around 17 percent.

Yet Hendrik Klein, who heads Swiss high frequency trading and asset management firm Da Vinci Invest AG, felt the rally was over for 2013.

The uncertainty over the Fed Canada Goose Parka will prevent European equity canada goose outlet vancouver markets from hitting new highs before the end canada goose store of the year, said Klein, who expected the DAX to finish 2013 around 9,100 Canada Goose Jackets points.

see the potential for another big up move before the end of the year as very limited, as people will be looking to consolidate the gains made so far this year, he said.