• European stocks close: stocks closed lower, weaker manufacturing and services purchasing managers' index from the Eurozone weighed on markets

Market news

23 September 2014

European stocks close: stocks closed lower, weaker manufacturing and services purchasing managers' index from the Eurozone weighed on markets

Stock indices closed lower. Weaker manufacturing and services purchasing managers' index from the Eurozone weighed on markets.

Eurozone's preliminary manufacturing purchasing managers' index (PMI) declined to 50.5 in September from 50.7 in August, missing expectations for a fall to 50.6.

Eurozone's preliminary services PMI decreased to 52.8 in September from 53.1 in August, missing expectations for a rise to 53.2.

Germany's preliminary manufacturing purchasing managers' index fell to 50.3 in September from 51.4 in August, missing expectations for a decline to 51.3.

Germany's preliminary services PMI rose to 55.4 in September from 54.9 in August, beating expectations for a drop to 54.6.

France's preliminary manufacturing purchasing managers' index increased to 48.8 in September from 46.9 in August, exceeding expectations for a gain to 47.1.

France's preliminary services PMI dropped to 49.4 in September from 50.3 in August, missing expectations for a decrease to 50.2.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,676.08 -97.55 -1.44%

DAX 9,595.03 -154.51 -1.58%

CAC 40 4,359.35 -83.20 -1.87%

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.