European stock markets mid session: stocks traded mixed after yesterday’s significant drop

Stock indices traded mixed after yesterday's significant drop. Stocks fell on Monday driven by a decline in shares of the banking sector.

Meanwhile, the economic data from Eurozone was mixed. Destatis released its industrial production data for Germany on Tuesday. German industrial production fell 1.2% in December, missing expectations for a 0.4% gain, after a 0.1% decline in November.

The output of capital goods decreased 2.6% in December, energy output declined 3.0%, and the production in the construction sector was down 0.2%, while the production of intermediate goods climbed 0.8%.

The output of consumer goods fell 1.4%.

German industrial production excluding energy and construction declined by 1.1% in December.

Manufacturing turnover rose on seasonally adjusted and on adjusted for working days basis by 1.8% in December, after a 2.1% fall in November.

Germany's trade surplus decreased to €18.8 billion in December from 20.5 in November. November's figure was revised down from a surplus of €20.6 billion.

Exports fell 1.6% in December, while imports decreased 1.6%.

On a yearly basis, German exports increased 3.2% in December, while imports rose by 3.5%.

Germany's current account surplus was at €25.6 billion in December, up from €24.3 billion in November. November's figure was revised down from a surplus of €24.7 billion.

In 2015 as whole, the trade surplus climbed to €247.8 billion from €213.6 billion. The latest figure was the highest ever recorded. Exports increased 6.4% in 2015, while imports rose 4.2%.

Current figures:

Name Price Change Change %

FTSE 100 5,706.15 +16.79 +0.30 %

DAX 8,990.86 +11.50 +0.13 %

CAC 40 4,058.68 -7.63 -0.19 %