• European stocks close: stocks traded lower resuming the recent selloff, as investors weighed corporate earnings

Market news

20 May 2014

European stocks close: stocks traded lower resuming the recent selloff, as investors weighed corporate earnings

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%

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