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- European stock markets mid session: stocks traded lower on disappointing corporate earnings
European stock markets mid session: stocks traded lower on disappointing corporate earnings
Stock indices traded lower on the weaker-than-expected corporate earnings.
German producer price index was flat in September, missing expectations for a 0.1% gain, after a 0.1% decline in August.
On a yearly basis, German producer price index fell 1.0% in September, in line with expectations, after a 0.8% drop in August.
Eurozone's current account surplus declined to 18.9 billion euros in August from a surplus of 21.6 billion euros in July, missing expectations for a current account surplus of 21.3 billion euros. July's figure was revised up from a surplus of EUR18.7 billion.
Royal Philips NV shares decreased 3.3% after missing third-quarter sales and profit analysts' estimates.
SAP SE shares fell 4.4% after the company lowered its full-year earnings forecast.
Current figures:
Name Price Change Change %
FTSE 100 6,260.78 -49.51 -0.78 %
DAX 8,756.25 -94.02 -1.06 %
CAC 40 3,999.27 -33.91 -0.84 %
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