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- European stock markets mid session: stocks declined due to the weaker-than-expected data from the Eurozone
European stock markets mid session: stocks declined due to the weaker-than-expected data from the Eurozone
Stock indices declined due to the weaker-than-expected data from the Eurozone. Eurozone's manufacturing purchasing managers' index dropped to 51.9 in June from 52.2 in May. Analysts had expected the index to remain unchanged.
Eurozone's services PMI fell to 52.8 in June from 53.2 in May, missing expectations for an increase to 53.4.
Germany's manufacturing PMI climbed to 52.4 in June to from 52.3 in May, but missing expectations for a gain to 52.7.
Germany's services PMI declined to 54.8 in June from 56.0 in May. Analysts had forecasted a decrease to 55.8.
The French manufacturing PMI fell to 47.8 in June from 49.6 in May. Analysts had expected the index to remain unchanged.
The French services PMI decreased to 48.2 in June from 49.1 in May, missing expectation for an increase to 49.5.
Concerns over violence in Iraq also weighed on stock markets.
Current figures:
Name Price Change Change %
FTSE 100 6,806.53 -18.67 -0.27%
DAX 9,950.63 -36.61 -0.37%
CAC 40 4,526.67 -14.67 -0.32%
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