European stocks dip; fashion sector hit

  LONDON: European shares fell on Tuesday, with the fashion industry reeling after warning profits of the company Burberry British and attention has focused on the next meeting of the Federal Reserve. Traders also looked to Germany, where a court was based on the constitutional legality of Berlin to govern the European Stability Mechanism (ESM) rescue fund to take to experience the countries of the euro zone debt help Wednesday. London benchmark FTSE 100 largest companies fell 0.42 percent to 5,769.57 points in late morning to handle business. CAC 40 dropped 0.27 percent to 3,496.51 undo points and Frankfurt's DAX 30 0.03 percent, to 7,211.33. Madrid shares fell 0.72 percent from persistent speculation about a possible bailout Spanish while Milan lost 0.84 percent of its value. The euro rebounded to $ 1.2819, the highest point since 22 May before it. To $ 1.2805 The unit has strong support from the European Central Bank received last week promised to buy government bonds from the euro-zone debt. Asian markets mostly fell on Tuesday after Wall Street waited losses dealers to see if the Fed announced this week, a new round of stimulus. He added. "After Friday disappointing employment figures, the consensus is that we are in some form of quantitative easing (Fed) this week to support the fragile recovery a United States is" on the company benefited from the face of the actions of luxury clothing and accessories group Burberry has fallen more than 18 percent after the company warned that earnings surprises affect the entire fashion industry. Burberry said in a trading update that like-store sales, according to the elimination of the effect of the new floor at neutral within 10 weeks 8th September and began to fall. Consequently, Burberry warned that annual profits would be at the lower end of analysts' expectations of £ 405 million £ 445 million be. In turn, the action of the group fell 18.48 percent to 1,120 pence. A Paris, actions luxury fashion group LVMH and PPR slid 4.27 percent and 3.87 percent to € 126.6 and € 122.95 respectively. afp