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- European stock markets mid session: stocks traded mixed after Friday’s drop
European stock markets mid session: stocks traded mixed after Friday’s drop
Stock indices traded mixed after Friday's drop. Markets were supported by rises in health-care and oil shares.
Alexis Tsipras' Syriza party has won the parliament election on Sunday. Syriza has won 35.47%. It was the fifth snap election in the country over the last six years.
The time is needed to form the new government. Syriza has no majority and it will form a coalition with the nationalist Independent Greeks.
Only 55% of Greeks voted on Sunday, down from 63% in January.
Meanwhile, the economic data from the Eurozone was negative. German producer price index (PPI) producer prices declined 0.5% in August, missing expectations for a 0.3% fall, after a flat reading in July.
On a yearly basis, German PPI dropped 1.7% in August, missing expectations for a 1.5% decrease, after a 1.3% fall in July.
PPI excluding energy sector fell by 0.5% year-on-year in August.
Current figures:
Name Price Change Change %
FTSE 100 6,133.62 +29.51 +0.48 %
DAX 9,853.24 -62.92 -0.63 %
CAC 40 4,574.72 +38.87 +0.86 %
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