European stock markets mid session: stocks traded little changed after the release of disappointing economic data in the Eurozone

Stock indices traded little changed after the release of disappointing economic data in the Eurozone.

The number of people unemployed in Germany surged by 24,000 this month to 2.905 million. That was the largest increase in five years in May. Analysts had expected a decline by 14,000.

The German unemployment rate remained unchanged at 6.7%. This figure was expected by analysts.

Consumer spending in France fell 0.3% in April, after a 0.4% gain in March. Analysts had expected a 0.5 increase. On a yearly basis, consumer spending in France dropped 0.5% in April, after a 1.2% fall in March.

Adjusted M3 money supply in the Eurozone climbed 0.8% in April, after a 1.1% increase in March. Analysts had forecasted a 1.2% gain.

Private loans in the Eurozone declined 1.8% in April (March: -2.2%), beating expectations of a 2.1% fall.

Osram Licht AG shares dropped 7.4% after lowering its sales forecast for the full year.

Elekta AB shares declined 9.0% after reporting weaker-than-expected quarter earnings.

Current figures:

Name                                   Price                                    Change                 Change %

FTSE 100                             6,849.76                              +4.82                      +0.07%

DAX                                     9,949.72                               +8.90                      +0.09%

CAC 40                                4,533.62                               +3.87                      +0.09%