• European stock markets mid session: stocks traded lower on worries the financial crisis is returning

Market news

16 October 2014

European stock markets mid session: stocks traded lower on worries the financial crisis is returning

Stock indices traded lower on worries the financial crisis is returning.

Spain's government failed to reach its maximum target in a bond sale. That also added to concerns over the Eurozone`s economy.

Eurostat confirmed on Thursday that the consumer price inflation in the Eurozone was at annual rate of 0.3% in September, in line with expectations, down from 0.4% in August. That was the lowest inflation since October 2009.

Eurozone's consumer price index excluding food and energy was at annual rate of 0.8% in September, up from the previous reading of 0.7%. Analysts had expected the consumer price index excluding food and energy to rise 0.7%.

Eurozone's trade surplus climbed to 15.8 billion euros in August from 12.7 billion euros in July. July's figure was revised up from 12.2 billion euros. Analysts had expected the trade surplus to increase to 13.5 billion euros.

Current figures:

Name Price Change Change %

FTSE 100 6,097.97 -113.67 -1.83%

DAX 8,417.5 -154.45 -1.80%

CAC 40 3,852.77 -86.95 -2.21%

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