• European stocks close: stocks closed mixed as market participants were cautious ahead of the Fed’s interest rate decision this week

Market news

14 September 2015

European stocks close: stocks closed mixed as market participants were cautious ahead of the Fed’s interest rate decision this week

Stock indices closed mixed as market participants were cautious ahead of the Fed's interest rate decision this week.

Meanwhile, the economic data from the Eurozone was better than expected. Eurostat released its industrial production data for the Eurozone on Monday. Industrial production in the Eurozone rose 0.6% in July, exceeding expectations for a 0.3% increase, after a 0.3% drop in June. June's figure was revised up from a 0.4%.

The increase was driven by a rise in energy, durable consumer goods and capital output. Energy output climbed 3.0% in July, durable consumer goods were up 1.3%, while capital goods output rose by 1.4%.

Intermediate goods declined by 0.6% in July, while non-durable consumer goods output fell 0.6%.

On a yearly basis, Eurozone's industrial production gained 1.9% in July, exceeding expectations for a 0.6% rise, after a 1.5% increase in June.

The increase was driven by a rise in durable consumer goods, capital goods and energy output. Durable consumer goods climbed by 2.6% in July from a year ago, capital goods rose by 2.2%, while energy output gained by 5.1%.

Non-durable consumer goods were up by 1.7%, while intermediate output was up by 0.5%.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,084.59 -33.17 -0.54 %

DAX 10,131.74 +8.18 +0.08 %

CAC 40 4,518.15 -30.57 -0.67 %

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