European stock markets mid session: stocks traded mixed on a drop in Chinese stock markets
27.11.2015, 11:01

European stock markets mid session: stocks traded mixed on a drop in Chinese stock markets

Stock indices traded mixed on a drop in Chinese stock markets. Chinese stock markets slid due to investigations by the Chinese securities regulatory body.

Meanwhile, the economic data from the Eurozone was mixed. The European Commission released its economic sentiment index for the Eurozone on Friday. The index remained unchanged at 106.1 in November. October's figure was revised up from 105.9. Analysts had expected the index to decline to 105.9.

The increase was driven by stronger confidence among consumers.

The industrial confidence index dropped to -3.2 in November from -2.0 in October, missing expectations for a decline to -2.1.

The final consumer confidence index was up to -5.9 in November from -7.5 in October, beating expectations for a fall to -7.7. October's figure was revised up from -7.6.

The business climate index decreased to 0.36 in November from 0.44 in October. Analysts had expected the index to rise to 0.45.

The Office for National Statistics (ONS) released its revised gross domestic product (GDP) data on Friday. The revised U.K. GDP expanded at 0.5% in the third quarter, in line with the preliminary reading, after a 0.7% rise in the second quarter.

The growth was driven by a rise in household spending. Household spending rose 0.8% in the third quarter, after a 0.7% increase in the second quarter.

Exports climbed 0.9% in the third quarter, while imports were up 5.5%.

Business investment jumped 2.2% in the third quarter.

The service sector climbed 0.7% in the third quarter.

On a yearly basis, the revised U.K. GDP rose 2.3% in the third quarter, in line with the preliminary reading, after a 2.4% gain in the second quarter.

Current figures:

Name Price Change Change %

FTSE 100 6,383.23 -9.90 -0.15 %

DAX 11,339.81 +19.04 +0.17 %

CAC 40 4,950.24 +4.22 +0.09 %

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