Market news
09.05.2014, 11:02

European stock markets mid session: stocks plunged due to the weak earnings results from companies across Europe

European stocks plunged due to the weak earnings results from companies across Europe.

But tensions in Ukraine also continued to put under pressure stock markets. Pro-Russia separatists in eastern Ukraine ignored a public call by Russian President Vladimir Putin to postpone a referendum.

Telefonica shares declined 2.9%. The company released a 23% decrease in first quarter net profits.

Petrofac, energy services group, shares dropped 15.8% after lowering its net income outlook for 2014.

Current figures:

Name                                   Price                                    Change                 Change %

FTSE 100                             6,817.13                             -22.12                     -0.32%

DAX                                      9,577.93                             -29.47                     -0.31%

CAC 40                                 4,483.18                             -24.06                     -0.53%

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