• European stock markets mid session: stocks declined due to the weak earnings results from companies across Europe

Market news

14 May 2014

European stock markets mid session: stocks declined due to the weak earnings results from companies across Europe

The stock indices declined due to the weak earnings results from companies across Europe.

The industrial production in the Eurozone decreased 0.3% in March, from a 0.3% increase in February. Analysts had expected this figure. The year-on year rate of the industrial production in the Eurozone decreased 0.1% in March, from a 1.7% increase in February.

U.K. unemployment rate declined to 6.8% in March, from 6.9% in February. The claimant count dropped by 25,100 in April, compared to a decline of 30,400 people in March. Analysts had expected a decrease of 31,200 people.

Mediaset SpA shares declined 6.7% after announcing a net loss in the first quarter.

Nordex AG shares increased 7.7% after the company raised its full-year sales outlook for 2014.

Current figures:

Name                                   Price                                    Change                 Change %

FTSE 100                             6,861.98                              -11.10                     -0.16%

DAX                                      9,738.18                             -16.25                     -0.17%

CAC 40                                 4,497.7                                  -7.32                     -0.16%

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