Most stock declined due to the weaker-than-expected consumer confidence in the Eurozone. Eurozone's consumer confidence dropped to -7.4 in June, missing expectations for an increase to -6, after -7 in May.
Concerns over escalating violence in Iraq also weighed on stock markets.
Eurozone's current account surplus increased to 21.5 billion euros in April from 19.6 billion euros in March. March's figure was revised up from 18.8 billion dollar.
The U.K. public sector net borrowing increased to £11.48 billion in May, from £9.00 billion in April. April's figure was revised from £9.6 billion. Analysts had expected a rise to £11.8 billion.
German producer price index declined 0.2% in May, missing expectations for a 0.2% rise, after a 0.1% fall in April. On a yearly basis, German producer price index dropped 0.8% in May, after a 0.9% decline in April. Analysts had expected a 0.7% fall.
Shire Plc rose 17% after AbbVie Inc. said Shire rejected a bid of as much as 27.3 billion pounds.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,825.2 +17.09 +0.25%
DAX 9,987.24 -16.76 -0.17%
CAC 40 4,541.34 -21.70 -0.48%
U.S. stock futures were little changed amid optimism that the economic recovery will accelerate.
Global markets:
Nikkei 15,361.16 +245.36 +1.62%
Hang Seng 23,167.73 -13.99 -0.06%
Shanghai Composite 2,023.73 -31.78 -1.55%
FTSE 6,827.86 +49.30 +0.73%
CAC 4,575.92 +45.55 +1.01%
DAX 10,015.48 +85.15 +0.86%
Crude oil $107.03 (+0.56%)
Gold $1313.50 (-0.05%)
(company / ticker / price / change, % / volume)
Exxon Mobil Corp | XOM | 102,95 | 0,31% | 12.6K |
Pfizer Inc | PFE | 29,67 | 0,27% | 0.3K |
Johnson & Johnson | JNJ | 104,07 | 0,25% | 1.7K |
AT&T Inc | T | 35,44 | 0,23% | 11.4K |
Boeing Co | BA | 133 | 0,14% | 0.2K |
The Coca-Cola Co | KO | 41,84 | 0,12% | 0.2K |
General Electric Co | GE | 26,96 | 0,11% | 30.6K |
Verizon Communications Inc | VZ | 49,52 | 0,10% | 31.6K |
JPMorgan Chase and Co | JPM | 57,35 | 0,09% | 9.8K |
Home Depot Inc | HD | 80,5 | 0,07% | 0.7K |
Merck & Co Inc | MRK | 58,31 | 0,02% | 1.0K |
Chevron Corp | CVX | 132 | 0,01% | 0.5K |
Microsoft Corp | MSFT | 41,51 | 0,00% | 0.6K |
Procter & Gamble Co | PG | 80,24 | 0,00% | 1.1K |
Cisco Systems Inc | CSCO | 24,7 | -0,04% | 51.4K |
International Business Machines Co... | IBM | 182,6 | -0,12% | 1.4K |
Intel Corp | INTC | 30.04 | -0,17% | 0.2K |
Stock indices traded slightly higher. The Fed's comments on Wednesday still supported the stock markets. The Fed pointed out that interest rates will remain unchanged for a considerable time after the Fed's asset purchase program ends.
But concerns over escalating violence in Iraq weighed on stock markets.
Eurozone's current account surplus increased to 21.5 billion euros in April from 19.6 billion euros in March. March's figure was revised up from 18.8 billion dollar.
The U.K. public sector net borrowing increased to £11.48 billion in May, from £9.00 billion in April. April's figure was revised from £9.6 billion. Analysts had expected a rise to £11.8 billion.
German producer price index declined 0.2% in May, missing expectations for a 0.2% rise, after a 0.1% fall in April. On a yearly basis, German producer price index dropped 0.8% in May, after a 0.9% decline in April. Analysts had expected a 0.7% fall.
Shire Plc rose 13% after AbbVie Inc. said Shire rejected a bid of as much as 27.3 billion pounds.
Current figures:
Name Price Change Change %
FTSE 100 6,828.72 +20.61 +0.30%
DAX 10,017.43 +13.43 +0.13%
CAC 40 4,563.28 +0.24 +0.01%
Asian stock traded mixed in the absence of any major economic reports. Markets were subdued in lacklustre trading. Investors monitor closely events unfolding in Iraq.
The Bank of Japan Governor Haruhiko Kuroda said at the annual meeting of the National Association of Shinkin Banks in Tokyo on Friday that Japan's economy has continued to recover moderately and the easing would continue until the 2% inflation target was reached. He added that the BoJ could make adjustments to hit the 2% target if required.
Mr. Kuroda pointed out the BoJ could introduce additional stimulus measures should Japan's economic activity and prices deviate from the baseline recovery scenario.
Indexes on the close:
Nikkei 225 15,349.42 -11.74 -0.08%
Hang Seng 23,194.06 +26.33 +0.11%
Shanghai Composite 2,026.67 +2.94 +0.15%
HTC Corp. shares rose 2.3% in Taipei after the company's Chief Executive Officer Peter Chou said he is seeing improvement from the second quarter.
Isuzu Motors Ltd. increased 3.6% in Tokyo after JPMorgan Chase & Co. recommended the company's shares.
Nikkei 15,361.16 +245.36 +1.62%
Hang Seng 23,167.73 -13.99 -0.06%
Shanghai Composite 2,023.73 -31.78 -1.55%
S&P 1,959.48 +2.50 +0.13%
NASDAQ Composite 4,359.33 -3.51 -0.08%
Dow Jones 16,921.46 +14.84 +0.09%
FTSE 1,395.58 +8.14 +0.59%
CAC 4,563.04 +32.67 +0.72%
DAX 10,004 +73.67 +0.74%