• Analytics
  • News and Tools
  • Market News
  • European stock markets mid session: stocks traded lower on the uncertainty over the Greek debt talks and on the weaker-than-expected industrial production data from the Eurozone
Market news
12.06.2015, 10:05

European stock markets mid session: stocks traded lower on the uncertainty over the Greek debt talks and on the weaker-than-expected industrial production data from the Eurozone

Stock indices traded lower on the uncertainty over the Greek debt talks and on the weaker-than-expected industrial production data from the Eurozone. The International Monetary Fund (IMF) spokesman Gerry Rice said on Thursday that the IMF's technical team has left the debt talks in Brussels. The reason is "major differences", he noted. "There are major differences between us in most key areas," Rice said.

News reported that Germany was preparing for a Greek default.

Industrial production in the Eurozone rose 0.1% in April, missing expectations for a 0.3% gain, after a 0.4% decline in March. March's figure was revised down from a 0.3% decrease.

The increase was driven by a rise in durable consumer goods and capital goods output. Durable consumer goods were up 1.0%, while capital goods rose by 0.7%.

On a yearly basis, Eurozone's industrial production gained 0.8% in April, missing expectations for a 1.1% rise, after a 2.1% increase in March. March's figure was revised up from a 1.8 gain.

The increase was driven by a rise in durable consumer goods and in production of capital goods. Durable consumer goods climbed by 1.7% in April from a year ago, while capital goods output rose by 2.1%.

The Office for National Statistics (ONS) released its construction output data for the U.K. on Friday. Construction output in the U.K. declined 0.8% in April, after a 1.4% rise in March.

The decline was driven by a drop in repair and maintenance, which plunged 4.8% in April.

New work increased 1.6% in April.

On a yearly basis, construction output climbed 1.6% in April.

The ONS revised its methodology for measuring construction. For the first quarter as a whole, construction output was down 0.2%.

According to the ONS, the revision could have an impact the U.K. GDP growth. The economy could have expanded at 0.4% in the first quarter rather than 0.3%.

Current figures:

Name Price Change Change %

FTSE 100 6,812.7 -34.04 -0.50 %

DAX 11,282.36 -50.42 -0.44 %

CAC 40 4,947.61 -23.76 -0.48 %

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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
Feedback
Live Chat E-mail
Up
Choose your language / location