• European stocks close: most stocks closed higher, concerns over tensions in Ukraine weighed on markets

Market news

18 July 2014

European stocks close: most stocks closed higher, concerns over tensions in Ukraine weighed on markets

Stock indices closed higher, concerns over tensions in Ukraine weighed on markets. A Malaysian Airlines passenger jet crashed in eastern Ukraine. All 298 people on board died.

Eurozone's current account surplus declined to €19.5 billion in May from €21.6 billion in April, missing expectations for a rise to €24.3 billion. April's figure was revised up from a surplus of €21.5 billion.

Volvo AB shares declined 5.4% after the weaker-than-expected second-quarter profit.

Ericsson AB shares jumped 8.2% after the better-than-expected second-quarter profit.

Electrolux AB increased 5.3%.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,749.45 +11.13 +0.17%

DAX 9,720.02 -33.86 -0.35%

CAC 40 4,335.31 +19.19 +0.44%

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