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Most stock indices traded lower due to the weak German retail sales and speculations over further stimulus measures from the European Central Bank.

The German adjusted retail sales dropped 0.9% in April, after a 0.7% decline in March. Analysts had expected a 0.4% rise.

The unadjusted retail sales in Germany climbed 3.4% in April, after a decrease of 1.9% in March.

Societe Generale SA shares decreased 2.1% after its Russian unit posted a drop in first-quarter profit.

BNP Paribas SA shares declined 2.9% due to the company may be forced to pay a penalty exceeding $10 billion in the U.S.

Indexes on the close:

Name                                   Price                                    Change                 Change %

FTSE 100                             6,844.51                             -26.78                      -0.39%

DAX                                     9,943.27                               +4.37                      +0.04%

CAC 40                                4,519.57                              -10.94                      -0.24%

U.S. stock-index futures fell slightly  as a report showed an unexpected decline in consumer spending last month.

Global markets:

Nikkei 14,632.38 -49.34 -0.34%

Hang Seng 23,081.65 +71.51 +0.31%

Shanghai Composite 2,039.21 -1.38 -0.07%

FTSE 6,859.74 -11.55 -0.17%

CAC 4,514.42 -16.09 -0.36%

DAX 9,942.48 +3.58 +0.04%

Crude oil $102.93 (-0.63%)

Gold $1254.20 (-0.17%)

(company / ticker / price / change, % / volume)

Upgrades:

Downgrades:

Other:

Apple (AAPL) target raised to $720 from $635 at Goldman; reiterated at Buy

Walt Disney (DIS) target raised to $83 from $77 at Wunderlich, reiterated at Hold

Most stock indices traded lower due to the weak German retail sales and speculations over further stimulus measures from the European Central Bank.

The German adjusted retail sales dropped 0.9% in April, after a 0.7% decline in March. Analysts had expected a 0.4% rise.

The unadjusted retail sales in Germany climbed 3.4% in April, after a decrease of 1.9% in March.

Societe Generale SA shares decreased 2.3% after its Russian unit posted a drop in first-quarter profit.

BNP Paribas SA shares declined 5.1% due to the company may be forced to pay a penalty exceeding $10 billion in the U.S.

Current figures:

Name                                   Price                                    Change                 Change %

FTSE 100                             6,860.87                             -10.42                      -0.15%

DAX                                     9,940.58                               +1.68                      +0.02%

CAC 40                                4,501.89                              -28.62                      -0.63%

Most Asian stock indices declined after the release of the weak U.S. economic growth data. The U.S. gross domestic product dropped 1.0% in the first quarter, after a 0.1% rise the previous quarter. Analysts had expected a 0.6% decline. That was the first drop in U.S. GDP since the first quarter of 2011.

Mixed economic data was released in Japan. Japan's core consumer price index excluding fresh food climbed at an annual rate of 3.2% in April, after a 1.3% increase in March. That was the fastest pace since February 1991. Analysts had expected 3.1% rise.

Household spending in Japan declined by an annualized rate of 4.6% in April, after a 7.2% rise in March. Analysts had forecasted a 3.2% decrease.

The industrial production in Japan decreased 2.5% in April, after a 0.7% gain in March. Analysts had expected a 1.9% drop.

Indexes on the close:

Nikkei 225                       14,632.38              -49.34          -0.34%

Hang Seng                       23,081.65              +71.51         +0.31%

Shanghai Composite        2,039.21                 -1.38         -0.07%