• European stock markets mid session: stocks traded lower ahead of the European Central Bank’s decision

Market news

7 August 2014

European stock markets mid session: stocks traded lower ahead of the European Central Bank’s decision

Stock indices traded lower ahead of the European Central Bank's decision. Analysts expect that the ECB will keep its interest unchanged at 0.15%.

Tensions over Ukraine also weighed on stock markets. Russia banned a range of food imports from the United States and Europe.

Germany's industrial production climbed 0.3% in June, after a 1.7% decline in May, but missing expectations for a 1.4% rise. May's figure was revised up from a 1.8% fall.

Adidas AG shares declined 3.8% after the company lowered its profit forecast for 2014.

Beiersdorf AG dropped 5% after missing first-half revenue analyst's forecasts.

Commerzbank AG shares increased 2.6% after the bank reported that second-quarter profit more than doubled.

Nestle SA jumped 3.4% after the company announced plans to buy back up to eight billion Swiss francs of its shares.

Current figures:

Name Price Change Change %

FTSE 100 6,620.83 -15.33 -0.23%

DAX 9,117.92 -12.12 -0.13%

CAC 40 4,183.99 -23.15 -0.55%

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.