• European stocks close: most stocks closed lower due to the impact of sanctions against Russia

Market news

4 August 2014

European stocks close: most stocks closed lower due to the impact of sanctions against Russia

Most stock indices closed lower due to the impact of sanctions against Russia. 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.

In the early trading session, markets were supported by 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.

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.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,677.52 -1.66 -0.02%

DAX 9,154.14 -55.94 -0.61%

CAC 40 4,217.22 +14.44 +0.34%

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