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- European stock markets mid-session: European indices trading higher on upbeat German Factory orders and ahead of U.S. job data
European stock markets mid-session: European indices trading higher on upbeat German Factory orders and ahead of U.S. job data
European indices are trading stronger today rebounding from yesterday's significant losses on upbeat German factory orders ahead of U.S. job data published at 13:30GMT. German factory orders adjusted for seasonal swings and inflation beat expectations, a sign of recovery of the Eurozone's largest economy. Factory orders rose +2.5% in October, a plus of +1.4% compared with September. Eurozone's GDP for the third quarter was in line with expectations according to Eurostat and unchanged to the previous quarter reading +0.2%. European indices had weakened yesterday after Mario Draghi's speech as he did not announce further stimulus measures. The ECB revised down its forecast for economic growth and inflation for the Eurozone through 2016.
The FTSE 100 index gained +0.56% quoted at 6,716.75 points. France's CAC 40 added +1.26% trading at 4,378.21 and Germany's DAX 30 gained +1.27% trading at 9,976.33 points.
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