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- European stocks close: stocks closed higher due to speculation for additional stimulus measures by the ECB
European stocks close: stocks closed higher due to speculation for additional stimulus measures by the ECB
Stock indices closed higher despite the disappointing economic data from the Eurozone. Investors speculate the European Central Bank may add additional stimulus measures to support the economy in the Eurozone.
Eurozone's harmonized consumer price index declined 0.7% in July, missing expectations for a 0.6% decrease, after a 0.1% rise in June.
On a yearly basis, Eurozone's harmonized consumer price index rose 0.4% in July, in line with expectations, after a 0.4% increase in June.
Eurozone's preliminary gross domestic product was flat in the second quarter, missing expectations for a 0.1% rise, after a 0.2% gain in the first quarter.
On a yearly basis, Eurozone's preliminary gross domestic product climbed 0.7% in the second quarter, in line with expectations, after a 0.9% rise in the first quarter.
German preliminary GDP decreased 0.2% in the second quarter, missing forecasts of a 0.1% decline, after a 0.8% rise in the first quarter.
French preliminary GDP remained flat in the second quarter, missing forecasts of a 0.1% gain.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,685.26 +28.58 +0.43%
DAX 9,225.1 +26.22 +0.29%
CAC 40 4,205.43 +10.64 +0.25%
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