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- European Stocks. First hour: Indices decline on German data and Greece Concerns
European Stocks. First hour: Indices decline on German data and Greece Concerns
European stocks decline in early trading after data on German Industrial Production came in below estimates. Industrial Production in the Eurozone's biggest economy rose less-than expected last month to a seasonally adjusted annual rate of +0.1%, short of expectations of +0.4%. Year on year it declined by -0.7%, compared to a reading of -0.5% in the previous period.
Later in the day Today U.S. data on Average Hourly Earnings, Nonfarm Payrolls and the Unemployment rate (13:30GMT) followed by FOMC member's Dennis Lockhart's speech (17:45GMT) will be in the focus.
Concerns over Greece's future in the euro zone continued to weigh on markets after the European Central Bank said it would no longer accept Greek bonds as collateral for lending.
The commodity heavy FTSE 100 index is currently trading -0.21% quoted at 6,851.38 points.. Germany's DAX 30 declined by -0.67% trading at 10,832.13. France's CAC 40 lost -0.29%, currently trading at 4,689.47 points.
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