European stock markets fell financial stocks triggered worries

European stock markets ended lower Friday, the market for financial shares, the fear still linger. Earlier, German reinsurer Munich Re issued earnings warning.

The Dow Jones Stockton 600 index closed down 0.2 percent to 281.8 points; Britain's FTSE 100 index fell 0.2 percent, to 5352.6 while the German DAX 30 index fell 0.1 percent to 6436.7 points.

However, France's CAC-40 index rose 0.7 percent to 4376.9 points, its main constituent stocks of living increase. French retailer Danone Group (Groupe Danone, DA) rose 7.6 percent to 48.3 euros as France's CAC-40 index constituent stocks of the largest gains. Danone Group posted strong second-quarter earnings report and reiterated the revenue expected.

Friday was news of financial and banking sector monopoly. Germany Munich Re issued earnings warning, saying the 2008 financial year profit cautious view. The company attributed the global capital market volatility. First half of this year, the impact of volatile capital markets, the group's investment performance decline. The stock fell 7.3 percent to 107.9 euros. This news prompted the European insurance stocks fell.

Other areas, UBS (UBS) fell 6.1 percent to 21.6 Swiss francs; Minister of Justice on the New York auction rate bond trading allegations against the company. UBS is a European bank in the most affected by the credit crisis of one of several banks, the size of its assets Chongjian has more than 37 billion U.S. dollars.