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- European stocks close: stocks increased due to better-than-expected manufacturing data from China and the U.K. and Eurozone's inflation data
European stocks close: stocks increased due to better-than-expected manufacturing data from China and the U.K. and Eurozone's inflation data
Stock indices increased due to better-than-expected manufacturing data from China and the U.K. and Eurozone's inflation data. The Chinese manufacturing purchase managers' index increased to 51.0 in June from 50.8 in May, in line with expectations.
Eurozone's unemployment rate remained unchanged at 11.6% in May. Analysts had expected an increase to 11.7%.
German unemployment rate remained unchanged at 6.7% in June, in line with expectations.
The German economy lost 9,000 jobs in June. Analysts had expected the economy to add 9,000 jobs.
German final manufacturing purchase managers' index declined to 52.0 in June from 52.3 in May, missing expectations for a rise to 52.4.
French final manufacturing purchase managers' index decreased to 48.2 in June from 49.6 in May, beating expectations for a drop to 47.8.
The U.K. manufacturing purchase managers' index rose to 57.5 in June from 57.0 in May, beating forecasts of a decline to 56.7.
Bilfinger SE shares dropped 19% after lowering its full-year profit forecast.
BNP Paribas SA shares climbed 3.6% after reporting the company will keep its dividend unchanged.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,802.92 +58.98 +0.87%
DAX 9,902.41 +69.34 +0.71%
CAC 40 4,461.12 +38.28 +0.87%
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