European stock markets mid session: stocks dropped due to the weaker-than-expected earnings results from companies across Europe

European stocks dropped due to the weaker-than-expected earnings results from companies across Europe. In addition, the disappointing economic data in Germany and France and ongoing violence in Ukraine also had a negative impact on stock markets.

German factory orders declined 2.8% in March from an increase of 0.9% in February. February’s figure was revised up from 0.6%. Analysts had forecasted a 0.5% rise.

French industrial production decreased 0.7% in March from an increase of 0.1% in February. Analysts had expected a 0.4% increase.

Fiat SpA shares declined 8.3% after the release of the weaker-than-expected first quarter earnings.

Current figures:

Name                                   Price                                    Change                 Change %

FTSE 100                             6,773.21                             -25.35                     -0.37%

DAX                                      9,457.28                             -10.25                     -0.11%

CAC 40                                 4,423.73                              -4.34                      -0.10%