• European stock markets mid session: stocks traded mixed due to weaker-than-expected economic data from Germany

Market news

24 September 2014

European stock markets mid session: stocks traded mixed due to weaker-than-expected economic data from Germany

Stock indices traded mixed due to weaker-than-expected economic data from Germany. The Ifo business climate index for Germany declined to 104.7 in September from 106.3 in August. That was the fifth successive in five months and the lowest level since April 2013.

Analysts had expected the Ifo business climate index to fall to 105.9.

The European Central Bank (ECB) President Mario Draghi said in a French radio interview on Wednesday that the ECB will keep its monetary policy accommodative for as long as needed to bring inflation to 2% inflation target.

TNT Express NV dropped 11.5% after the company cut its 2015 profit forecast.

Current figures:

Name Price Change Change %

FTSE 6,674.45 -1.63 -0.02%

DAX 9,604.91 +9.88 +0.10%

CAC 40 4,381.37 +22.02 +0.51%

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