• European stock markets mid session: stocks traded higher due to the bailout of Banco Espirito Santo SA

Market news

4 August 2014

European stock markets mid session: stocks traded higher due to the bailout of Banco Espirito Santo SA

Stock indices traded higher due to the bailout of Banco Espirito Santo SA. Portugal' central bank released its plan on Sunday to inject 4.9 billion euros into Banco Espirito Santo SA. Banco Espirito Santo will be split into a good and a bad bank.

The number of unemployed people in Spain fell by 29,800 in July, after a drop by 122,700 in June.

Sentix investor confidence in the Eurozone declined to 2.7 in August from 10.1 in July, missing forecasts of the decrease to 9.5.

Producer price index in the Eurozone climbed 0.1% in June, after a 0.1% fall in May. On a yearly basis, Eurozone's producer price index decreased 0.8% in June, after a 1.0% decline in May.

Construction purchasing managers' index in the UK fell to 62.4 in July from 62.6 in June.

Current figures:

Name Price Change Change %

FTSE 100 6,709.91 +30.73 +0.46%

DAX 9,225.28 +15.20 +0.17%

CAC 40 4,232.4 +29.62 +0.70%

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