• European stock markets mid session: stocks traded lower ahead of the U.S. economic data and after the weak economic data from the Eurozone

Market news

28 August 2014

European stock markets mid session: stocks traded lower ahead of the U.S. economic data and after the weak economic data from the Eurozone

Stock indices traded lower ahead of the U.S. economic data and after the weak economic data from the Eurozone. The number of unemployed people in Germany climbed by 2,000 in August, missing expectations for a decrease of 6,000.

German unemployment rate remained unchanged at 6.7% in August.

Eurozone's M3 money supply increased 1.8% in July, beating expectations for a 1.5% increase, after a 1.6% rise in June. June's figure was revised up from a 1.5% gain.

Private loans in the Eurozone declined 1.6% in July, missing expectations for a 1.5% fall, after a 1.8% decline in June. June's figure was revised down from a 1.7% drop.

Eurozone's business climate indicator fell to 0.16 in August from 0.17 in July.

Eurozone's Industrial confidence decreased to -5.3 in August from -3.8 in July.

Eurozone's economic sentiment index dropped to 100.6 in August from 102.1 in July. July's figure was revised down from 102.2.

Market participants continue to monitor developments in Ukraine. Ukrainian government accused Russian forces of crossing the Ukrainian border late on Wednesday.

Current figures:

Name Price Change Change %

FTSE 100 6,799.54 -31.12 -0.46%

DAX 9,433.96 -135.75 -1.42%

CAC 40 4,354.98 -40.28 -0.92%

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