The stock
indices stocks traded lower resuming the recent selloff, as investors weighed
corporate earnings.
The
producer price index in Germany decreased 0.1% in April, from a 0.3% decrease
in March. Analysts had expected 0.0%. On a yearly basis, the German producer
price index declined 0.9% in April (March: -0.9%). Analysts had forecasted a
0.7% decrease.
Vodafone
Group Plc shares declined 5.8% after the company forecasted the fall of its
profit in this year.
United
Internet AG climbed 6.2% after reporting the better-than-expected earnings in
the first quarter.
Indexes on
the close:
Name Price Change Change %
FTSE
100 6,802 -42.55 -0.62%
DAX 9,639.08 -20.31 -0.21%
CAC 40 4,452.35 -17.41 -0.39%