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- European stocks close: stocks closed slightly higher on the increase in the consumer inflation in the Eurozone
European stocks close: stocks closed slightly higher on the increase in the consumer inflation in the Eurozone
Stock indices closed slightly higher on the increase in the consumer inflation in the Eurozone. The preliminary consumer price inflation in the Eurozone rose to an annual rate of 0.0% in April from -0.1% in March, in line with expectations. The increase was driven by ECB's quantitative easing programme.
Eurozone's unemployment rate remained unchanged at 11.3% in March, in line with expectations.
The number of unemployed people in Germany declined by 8,000 in April, missing expectations for a 13,000 decline, after a 14,000 drop in March. March's figure was revised down from a 15,000 fall.
Germany's adjusted unemployment rate remained unchanged at 6.4% in April, in line with expectations.
German adjusted retail sales dropped 2.3% in March, missing forecasts of a 0.7% rise, after a 0.1% gain in February. February's figure was revised up from a 0.5% decrease.
French consumer spending decreased 0.6% in March, missing expectations for a 0.5% fall, after a 0.2% rise in February. February's figure was revised up from a 0.1% increase.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,960.63 +14.35 +0.21 %
DAX 11,454.38 +21.66 +0.19 %
CAC 40 5,046.49 +7.10 +0.14 %
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