• European stock markets mid session: stocks traded higher after flash PMIs from the Eurozone

Market news

21 August 2014

European stock markets mid session: stocks traded higher after flash PMIs from the Eurozone

Stock indices traded higher after flash PMIs from the Eurozone. Eurozone's preliminary manufacturing purchasing managers' index (PMI) declined to 50.8 in August from 51.8 in July, missing expectations for a fall to 51.4.

Eurozone's preliminary services purchasing managers' index (PMI) fell to 53.5 in August from 54.2 in July, missing expectations for a decline to 53.6.

Germany's preliminary manufacturing purchasing managers' index (PMI) decreased to 52.0 in August from 52.4 in July, beating expectations for a fall to 51.8.

Germanys' preliminary services purchasing managers' index (PMI) fell to 56.4 in August from 56.7 in July, beating expectations for a decline to 55.5.

French preliminary manufacturing purchasing managers' index (PMI) declined to 46.5 in August from 47.8 in July, missing forecasts of a rise to 47.9.

French preliminary services purchasing managers' index (PMI) rose to 51.1 in August from 50.4 in July, beating expectations for a fall to 50.3.

Air Berlin Plc shares jumped 8.6% after posting a positive second-quarter net income.

Raiffeisen Bank International AG shares rose 7.6% after reporting the better-than-forecasted second-quarter net income.

Current figures:

Name Price Change Change %

FTSE 100 6,769.95 +14.47 +0.21%

DAX 9,353.04 +38.47 +0.41%

CAC 40 4,266.45 +25.66 +0.61%

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