The stock
indices to a 6-year highs, supported by the better-than-expected earnings
results from companies across Europe and the news that Germany's Bundesbank is willing
to back new stimulus measures from the ECB.
But the
weaker-than-expected economic data from the Eurozone and Germany had a negative
impact on stock markets. The ZEW Centre for Economic Research released the economic
sentiment figures for May. German economic sentiment slid to 33.1 in May from
43.2 in April. Analysts had expected 41.3.
Eurozone’s
economic sentiment declined to 55.2 in May from 61.2 in April. Analysts had
forecasted 63.5.
ThyssenKrupp
AG shares climbed 4.1% after the company raised its full-year earnings
forecast.
Airbus
Group shares increased 6.4% after reporting the narrower-than-expected loss for
the first quarter.
Indexes on the close:
Name Price Change Change %
FTSE
100 6,873.08 +21.33 +0.31%
DAX 9,754.43 +51.97 +0.54%
CAC 40 4,505.02 +11.37 +0.25%