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- European stock markets mid session: stocks declined due to the weaker-than-expected inflation data in the Eurozone
European stock markets mid session: stocks declined due to the weaker-than-expected inflation data in the Eurozone
Stock
indices declined due to the weaker-than-expected inflation data in the Eurozone.
Eurozone’s inflation increased 0.5% in May, after a 0.7% gain in March.
Analysts had expected a 0.7% rise. Inflation target by the European Central
Bank (ECB) is 2%.
Market participants
expect the European Central Bank will add further stimulus measures on
Thursday. Investors are awaiting the ECB will cut interest rates and announce
measures to boost lending to smaller businesses.
The
unemployment rate in the Eurozone fell to 11.7% in April from 11.8% in March.
Analysts had expected the unemployment rate remains unchanged.
The number
of unemployed people in Spain decreased by 111,900 in May, after a 111,600 decline
in April. Analysts had forecasted a 112,300 drop.
Current
figures:
Name Price Change Change %
FTSE
100 6,831.72 -32.38 -0.47%
DAX 9,925.00 -25.12 -0.25%
CAC 40 4,509.94 -5.95 -0.13%
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