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- European stocks close: most stocks traded lower due to expectations for further stimulus measures from the European Central Bank next week
European stocks close: most stocks traded lower due to expectations for further stimulus measures from the European Central Bank next week
Most stock
indices traded lower due to the weak German retail sales and speculations over
further stimulus measures from the European Central Bank.
The German
adjusted retail sales dropped 0.9% in April, after a 0.7% decline in March.
Analysts had expected a 0.4% rise.
The
unadjusted retail sales in Germany climbed 3.4% in April, after a decrease of
1.9% in March.
Societe
Generale SA shares decreased 2.1% after its Russian unit posted a drop in
first-quarter profit.
BNP Paribas
SA shares declined 2.9% due to the company may be forced to pay a penalty
exceeding $10 billion in the U.S.
Indexes on
the close:
Name Price Change Change %
FTSE
100 6,844.51 -26.78 -0.39%
DAX 9,943.27 +4.37 +0.04%
CAC 40 4,519.57 -10.94 -0.24%
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