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- European stocks close: stocks climbed ahead the publication of Eurozone’s inflation report on Wednesday
European stocks close: stocks climbed ahead the publication of Eurozone’s inflation report on Wednesday
European
stocks climbed ahead the publication of Eurozone’s inflation report on
Wednesday. Stock markets were supported by the better-than-expected earnings
reports. Market participants were unimpressed by the worse-than expected Spanish
unemployment rate and German CPI.
Spain’s
unemployment rate rose to 25.9% in the first quarter from 25.7% in the fourth
quarter of 2013. The fourth quarter figure was revised down from 26.0%.
Analysts forecasted the fall to 25.6%.
German CPI
decreased 0.2% in April (March: +0.3%). Analysts forecasted the decline of
0.1%.
Nordea Bank
AB shares jumped 3.5% due to its revenue increased 4.7% in the first quarter.
Statoil ASA
was up 4.5% after beating its earnings forecast.
Nokia Oyj
climbed 2.6 percent after naming a new chief executive officer.
PSA Peugeot
Citroen dropped 1.6%.
ABB Ltd.
shares - the world’s largest maker of power transformers - declined 7.1% after
reporting the 18% fall of its first-quarter net income.
Indexes on
the close:
Name Price Change Change %
FTSE
100 6,769.91 +69.75 +1.04%
DAX 9,584.12 +137.76 +1.46%
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