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- European Stocks. First hour: European indices trading negative
European Stocks. First hour: European indices trading negative
European stocks are trading lower in today's session after disappointing data from China an U.S. holiday spending slowed. Growing expectations for additional easing measures by the ECB were no support. France's final Manufacturing PMI increased to 48.4 beating forecast of 47.6. Germany's Manufacturing PMI decreased to 49.5, analyst expected it to remain at 50. Data on Eurozone's final Manufacturing PMI for November fell to 50.1. Forecast predicted 50.4, in line with the last month. Market participants await U.K. data on the Purchase Manager Index Manufacturing, Net Lending to Individuals and Mortgage Approvals due at 09:30 GMT.
The FTSE 100 index is currently trading with a loss of -1.02% at 6,654.16 points, Germany's DAX 30, a lost -0.36% or 36.33 points being quoted at 9,944.52. France's CAC 40 lost -0.88%, currently trading at 4,360.02 points.
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