• European stock markets mid session: stocks traded higher on German trade data

Market news

8 September 2015

European stock markets mid session: stocks traded higher on German trade data

Stock indices traded higher on German trade data. Destatis released its trade data for Germany on Tuesday. Germany's seasonally adjusted trade surplus climbed to €22.8 billion in July from 22.1 in June.

Exports increased at a seasonally and calendar-adjusted 2.4% in July, while imports rose 2.2%. These were the highest seasonally adjusted monthly readings ever calculated both for exports and for imports, according to Destatis.

Germany's current account surplus was at €23.4 billion in July, down from €24.4 billion in June.

Eurostat released its revised GDP data today. Eurozone's revised gross domestic product (GDP) rose 0.4% in second quarter, up from the preliminary reading of a 0.3% increase, after a 0.5% gain in the first quarter. The first quarter's reading was revised up from a 0.4% rise.

On a yearly basis, Eurozone's revised gross domestic product (GDP) increased 1.5% in second quarter, up from the preliminary reading of a 1.2% gain, after a 1.0% rise in the first quarter.

Exports climbed to 1.6% in the second quarter, while imports rose to 1.0%.

According to the French Customs, France's trade deficit widened to €3.3 billion in July from €2.76 billion in June.

The rise in deficit was driven by lower exports and imports.

Current figures:

Name Price Change Change %

FTSE 100 6,175.66 +101.14 +1.66 %

DAX 10,335.4 +226.79 +2.24 %

CAC 40 4,639.86 +90.22 +1.98 %

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