- European stock markets mid session: stocks traded lower after the weaker-than-expected PMIs from the Eurozone and China
Market news
European stock markets mid session: stocks traded lower after the weaker-than-expected PMIs from the Eurozone and China
The weaker-than-expected European and Chinese PMI and growing concerns about a slowdown in European economic growth caused losses on the European stock markets after a slightly positive start. At the moment the DAX is trading at 9,295 (-0.38%), the FTSE 100 at 6,521 (-0.34) and the CAC40 at 4,217 (-0.36%).
Eurozone's final manufacturing purchasing managers' index fell to 50.6 in October from 50.7 in September. Analysts had expected the index to remain unchanged at 50.7.
Germany's final manufacturing purchasing managers' index declined to 51.4 in October from 51.8 in September. Analysts had expected the index to remain unchanged at 51.8.
France's final manufacturing purchasing managers' index rose to 48.5 in October from 51.8 in September. Analysts had expected the index to remain unchanged at 51.8.
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