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- European stock markets mid-session: Indices add gains at the end of the week
European stock markets mid-session: Indices add gains at the end of the week
European indices are trading higher at the end of the week amid hopes on a progress in the negotiations between the E.U and Greece. Prime Minister Alexis Tsipras assured European Union creditors that Greece will soon submit a concrete program of reforms. European Parliament President Martin Schulz said that Greece's financial situation is dangerous. The FED's statement on Wednesday lends further support as FED chair Yellen indicated that rates will rise at a slower pace - although dropping the word 'patient' from the minutes.
German Producer Price Index rose +0.1% month on month, below the estimated growth of +0.2%. Year on year the decline was slower, at -2.1% compared to -2.2%.
Eurozone's adjusted Current Account published by the ECB for January rose from revised 22.5 billion to 29.4 billion, above the estimated 21.3 billion. The unadjusted Current Account declined from 35.2 billion to 8.2 billion.
U.K.'s Public Sector Net Borrowing rose less-than-expected to a seasonally adjusted 6.2 billion in February. Analysts expected an increase of 7.7 billion.
The FTSE 100 index is currently trading higher, quoted at 6,971.31 +0.13%. Germany's DAX 30 added +1.18% trading at 12,039.78 points. France's CAC 40 is currently trading at 5,048.69 points, +0.23%.
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