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- European stocks close: stocks rose due to the better-than-excepted U.S. jobs
European stocks close: stocks rose due to the better-than-excepted U.S. jobs
Stock
indices climbed due to the better-than-excepted U.S. jobs. The U.S. economy
added 217,000 in May, missing expectations for a 218,000 rise, after a 282,000
gain in April. April’s figure was revised down from a 288,000 increase.
The
unemployment rate in the U.S. remained unchanged at 6.3% in May. Analysts had
expected an increase to 6.4%.
Earlier in
the trading session, German economic data was released. Germany's trade surplus
climbed to €17.7 billion in April from €15.0 billion in March. March’s figure
was revised up from a surplus of €14.8 billion. Analysts had expected Germany’s
trade surplus to increase to €15.2 billion.
German
industrial production rose 0.2% in April, missing expectations for a 0.4% gain,
after a 0.5% decline in March. On a yearly basis, the industrial production in
Germany increased 1.8% in April, after a 3.0% rise in March.
Germany’s
current account surplus declined to €18.4 billion in April from €19.5 billion
in March.
Indexes on
the close:
Name Price Change Change %
FTSE
100 6,858.21 +44.72 +0.66%
DAX 9,987.19 +39.36 +0.40%
CAC 40 4,581.12 +32.39 +0.71%
Commerzbank
AG rose 4.2% after the company’s CEO said the ECB’s audit would not be a
problem for the bank.
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