• European stocks close: most stocks traded slightly higher due to the better-than-expected ADP jobs report for the U.S.

Market news

2 July 2014

European stocks close: most stocks traded slightly higher due to the better-than-expected ADP jobs report for the U.S.

Most stock indices traded slightly higher due to the better-than-expected ADP jobs report for the U.S. The U.S. economy added 281,000 jobs in June, after an increase of 179,000 jobs in May. That was the highest increase since November 2012. It is a sign that the U.S. labour market is strengthening.

Eurozone's gross domestic product increased 0.2% in the first quarter, in line with expectations, after a 0.2% gain the previous month. On a yearly basis, Eurozone's gross domestic product climbed 0.9% in the first quarter, in line with expectations, after a 0.9% rise the previous month.

The producer price index in the Eurozone declined 0.1% in May, missing expectations for a 0.1% gain, after a 0.1% decrease in April. On a yearly basis, Eurozone's producer price index fell 1.0% in May, in line with expectations, after a 1.2% decline in April.

The U.K. construction purchasing managers' index surged to 62.6 in June from 60.0 in May. Analysts had expected the index to fall to 59.7.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,816.37 +13.45 +0.20%

DAX 9,911.27 +8.86 +0.09%

CAC 40 4,444.72 -16.40 -0.37%

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