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- European stocks close: stocks dropped due to the mixed earnings results from companies across Europe and the escalation of tensions in Ukraine
European stocks close: stocks dropped due to the mixed earnings results from companies across Europe and the escalation of tensions in Ukraine
European
stocks dropped due to the mixed earnings results from companies across Europe and
the escalation of tensions in Ukraine. Markets found support in the
better-than-expected economic data in the Eurozone, but tensions in Ukraine are
still weighing on sentiment.
Eurozone’s
month-on-month retail sales increased to 0.3% in March from 0.1% in February.
February’s figure was revised down to 0.1% from 0.4%. Analysts forecasted a
rise of 0.2%.
The number
of unemployed people in Spain declined by 111,600 in April from a 16,600
decrease in March. Analysts expected a fall of 49,100.
Balfour
Beatty Plc shares declined 20%. The CEO Andrew McNaughton quit his job after 13
months.
PostNL
shares climbed 10% after the announcing better-than-expected first quarter
earnings.
Barclays
decreased 5.2% after the release of the weaker-than-expected first quarter
earnings.
Indexes on
the close:
Name Price Change Change %
FTSE
100 6,798.56 -23.86 -0.35%
DAX 9,467.53 -61.97 -0.65%
CAC 40 4,428.07 -34.62 -0.78%
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