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- European stock markets mid session: stocks declined after the World Bank cuts economic global forecast
European stock markets mid session: stocks declined after the World Bank cuts economic global forecast
Stock
indices declined after the World Bank cuts economic global. The World Bank
lowered its global growth forecast to 2.8% from an earlier estimate of 3.2% due
to a weaker outlook for the U.S., Russia and China.
The Office
for National Statistics released the U.K. labour market data. The U.K.
unemployment rate fell to 6.6% in the three months to April from 6.8% in the
previous three months. That was the lowest level since early 2009. Analysts had
expected a decline to 6.7%.
Deutsche
Lufthansa AG shares dropped 13% after the company lowered its earnings
forecasts for this and next year.
Vallourec
SA, a steel pipe producer, slid 12% after lowering its earnings forecast for 2014.
Airbus
Group shares declined 4% after Emirates cancelled an order for 70 A350 jets.
Current
figures:
Name Price Change Change %
FTSE
100 6,838.03 -35.52 -0.52%
DAX 9,941.79 -87.01 -0.87%
CAC 40 4,561.40 -33.60 -0.73%
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