- Analytics
- News and Tools
- Market News
- European stock markets mid session: stocks traded higher on a weaker euro
European stock markets mid session: stocks traded higher on a weaker euro
Stock indices traded higher on a weaker euro. The euro declined against the U.S. dollar in the absence of any major economic reports from the Eurozone.
The euro rose against the U.S. dollar on Friday after weaker-than-expected U.S. economic data. The U.S. industrial production dropped 0.3% in April, missing expectations for a 0.1% increase, after a 0.3% decline in March. Capacity utilisation rate fell to 78.2% in April from 78.6% in March. The Thomson Reuters/University of Michigan preliminary consumer sentiment index dropped to 88.6 in May from a final reading of 95.9 in April, missing expectations for an increase to 96.0. It was the lowest level since October 2014.
The European Central Bank Executive Board Member Yves Mersch said on Monday that the central bank should continue its quantitative easing until inflation is on track to the central bank's 2% target.
Markets were also supported by gains in the automobile and mining sector.
Current figures:
Name Price Change Change %
FTSE 100 6,985.26 +24.77 +0.36 %
DAX 11,551.64 +104.61 +0.91 %
CAC 40 5,006.31 +12.49 +0.25 %
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
