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- European stock markets mid session: stocks traded mixed amid the U.S. housing market data
European stock markets mid session: stocks traded mixed amid the U.S. housing market data
The stock
indices stocks traded mixed amid the U.S. housing market data.
The IFO -
Business Climate index for Germany dropped to a 5-month low of 110.4 in May,
from 111.2 in March. Analysts had expected the index to decline to 111.0. Market
participants hope the further stimulus measures by the European Central Bank
will be introduced in June due to recently released weak economic data in the
Eurozone.
German
gross domestic product climbed 0.8% in the first quarter (Q4 2013: +0.8%),
meeting analysts’ expectations.
On a yearly
basis, German gross domestic product rose 2.3% in the first quarter (Q4 2013: +2.2%),
exceeding analysts’ expectations of a 2.2% gain.
Pandora A/S declined 3.7% as some shareholders sold a stake of about 10%.
Current
figures:
Name Price Change Change %
FTSE
100 6,800.3 -20.26 -0.30%
DAX 9,740.83 +19.92 +0.20%
CAC 40 4,477.34 -0.87 -0.02%
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