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- European stock markets mid session: stocks traded lower on mostly weaker-than-expected manufacturing PMIs
European stock markets mid session: stocks traded lower on mostly weaker-than-expected manufacturing PMIs
Stock indices traded lower on mostly weaker-than-expected manufacturing purchasing mangers' index from the Eurozone.
Eurozone's final manufacturing purchasing managers' index (PMI) rose to 52.2 in May from 52.0 in April, down from a preliminary reading of 52.3.
Spain, the Netherlands and Italy were strongest performers.
Markit's Chief Economist Chris Williamson said that Spain and Italy benefited in particular from exports.
Germany's final manufacturing PMI decreased to 51.1 in May from 52.1 in April, down from a preliminary reading of 51.4.
France's final manufacturing PMI climbed to 49.4 in May from 48.0 in April, up a preliminary reading of 49.3.
The Greek debt crisis also weighed on markets. Greece have to repay €310 million IMF loans this week but a new debt deal between Greece and its creditors is not reached yet.
Markit Economics released its manufacturing purchasing managers' index (PMI) for the U.K. on Monday. The Markit/Chartered Institute of Procurement & Supply manufacturing PMI for the U.K. increased to 52.0 in May from 51.8 in April, missing expectations for a rise to 52.5. April's figure was revised down from 51.9.
The increase was driven by rises in output and new orders.
Current figures:
Name Price Change Change %
FTSE 100 6,969.14 -15.29 -0.22 %
DAX 11,360.35 -53.47 -0.47 %
CAC 40 4,995.53 -12.36 -0.25 %
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