Stock
indices traded mostly lower after the weaker-than-expected U.S. retail sales
and initial jobless claims. The U.S. retail sales increased 0.3% in May,
missing expectations for a 0.5% gain, after a 0.5% rise in April. April’s
figure was revised up to a 0.5% gain from an increase of 0.1%.
The U.S.
core retail sales excluding automobile sales were up 0.1% in May, missing
expectations for a 0.4% increase, after a 0.4% rise in April. April’s figure
was revised up to 0.4% from 0%.
The U.S.
Labor Department released the number of initial jobless claims. The initial
jobless claims in the week ending June 7 rose by 4,000 to 317,000. Analysts had
forecasted the decline by 6,000 to 306,000.
Earlier in
the trading session, the industrial production in the Eurozone was released. The
industrial production in the Eurozone increased 0.8% in April, beating
expectations for a 0.5% gain, after a 0.3% decline in March.
On a
year-over-year basis, Eurozone’s industrial production rose 1.4% in April,
exceeding expectations for a 0.9% increase, after a 0.1% fall in March.
Indexes on
the close:
Name Price Change Change %
FTSE
100 6,843.11 +4.29 +0.06%
DAX 9,938.70 -11.11 -0.11%
CAC 40 4,554.40 -0.71 -0.02%