• European stocks close: most stocks closed lower due to tensions over Ukraine and weak factory orders in Germany

Market news

6 August 2014

European stocks close: most stocks closed lower due to tensions over Ukraine and weak factory orders in Germany

Stock indices closed lower due to tensions over Ukraine and weak factory orders in Germany. Poland's foreign minister warned that Russia is about to increase its presence along its border with Ukraine. Investors preferred safe-haven assets.

Factory orders in Germany dropped 3.2% in June, missing forecasts of a 0.5% increase, after a 1.6% decline in May. That was the biggest drop since September 2011.

May's figure was revised up from a 1.7% fall.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,636.16 -46.32 -0.69%

DAX 9,130.04 -59.70 -0.65%

CAC 40 4,207.14 -25.74 -0.61%

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