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- European stock markets mid session: stocks were exhibiting a mixed trend
European stock markets mid session: stocks were exhibiting a mixed trend
The stock
indices stocks were exhibiting a mixed trend. The weaker-than-expected GDP in
the Eurozone had a negative impact on stock markets. Eurozone’s gross domestic
product increased 0.2% in the first quarter, from a 0.2% decrease in the
previous quarter. Analysts had expected a 0.4% rise. On a yearly basis, the GDP
in the Eurozone rose 0.9%, missing expectations for an increase of 1.1%.
On a yearly
basis, Eurozone’s harmonized consumer price index was unchanged at 0.7% in
April. Analysts had forecasted this figure. On a monthly basis, the consumer
price index in the Eurozone rose 0.2% April, from a 0.9% gain in March. The
inflation rate is still well below the ECB's 2% inflation target.
Thomas Cook
Group Plc shares declined 6.2% after posting the weak earnings results.
Richemont
shares increased 5.2%, as the company’s results were exceeding analysts’
forecasts.
London
Stock Exchange Group Plc climbed 2.4% after announcing full-year sales.
Deutsche
Post AG shares decreased 3.4% after reporting its first quarter results,
missing analysts’ forecasts.
Current figures:
Name Price Change Change %
FTSE
100 6,889.55 +11.06 +0.16%
DAX 9,770.47 +16.08 +0.16%
CAC 40 4,499.55 -1.49 -0.03%
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