• European stocks close: stocks closed lower on worries over the situation in China

Market news

19 August 2015

European stocks close: stocks closed lower on worries over the situation in China

Stock indices closed lower on worries over the situation in China. China's central bank injected more liquidity into the financial sector to calm market participants.

The German parliament voted for the third Greek bailout programme on Wednesday. 453 voted in favour of the Greek bailout, 113 voted against it, while 18 abstained.

Market participants are awaiting the release of the latest Fed's monetary policy minutes. The Fed will release its minutes at 18:00 GMT. Market participants will be looking for signs if the Fed will start raising its interest rate in September.

Meanwhile, the economic data from the Eurozone was mixed. Eurozone's current account surplus climbed to a seasonally adjusted €25.4 billion in June from €19.1 billion in May.

The surplus was driven by higher surpluses on trade in goods and primary income. The trade surplus rose to €27.2 billion in June from €24.9 billion in May, while primary income increased to €1 billion from €0.8 billion.

The surplus on services declined to €5.7 billion in June from €6.6 billion in May, while the secondary income dropped to €8.4 billion from €13.3 billion.

Eurozone's unadjusted current account surplus soared to €31.1 billion in July from EUR 4.3 billion in May. May's figure was revised up from a surplus of €3.4 billion.

Construction production in the Eurozone decreased 1.9% in June, after a 0.2% rise in May. May's figure was revised down from a 0.3% gain.

Civil engineering output declined 2.7% in June, while production in the building sector dropped 1.6%.

On a yearly basis, construction output fell 2.3% in June, after a 0.2% rise in May. May's figure was revised down from 0.3% increase.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,403.45 -122.84 -1.88 %

DAX 10,682.15 -233.77 -2.14 %

CAC 40 4,884.1 -87.15 -1.75 %

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.