Stocks in Europe Little Changed; GDP Reports In Focus
February 14, 2014 12:50 pm
Stocks in the European market were seen little changed on Friday as market participants awaits gross domestic product (GDP) reports from Germany, France, Italy and the rest of the countries in the eurozone.
The European Euro Stoxx 50 dropped 0.01% lower at 3,098.50, while the French CAC 40 declined 0.07% to 4,310.80. The German DAX edged 0.03% higher at 9,600.30, at the same time the UK benchmark FTSE 100 lost 0.08% at 6,654.30.
Stocks – Germany’s Growth
Germany’s gross domestic product (GDP) climbed 0.4% higher in the fourth quarter, the Federal Statistics Office in Wiesbaden confirmed, after a growth off 0.3% in the previous quarter. Year over year the German economy grew by 1.3% in the final quarter after a rise of 1.1% in the previous three months.
Stocks- France
The French economy expanded by 0.8% in the fourth quarter last year, compared to analysts’ predictions of a 0.6% rise, reports from the National Institute of Statistics and Economic Studies (INSEE) revealed on Friday.
Italy
Italy stands as the third largest economy in the Eurozone, however shows a slow growth as the economy declined in the fourth quarter. Analysts’ are forecasting to see a drop of 0.8% and compared to 1.8% recorded in the previous quarter.
The eurozone is predicted to show a rise of 0.4% in the fourth quarter.
Other news
The German company, ThyssenKrupp climbed 3.2% higher, after recording a loss of 69 million euros in the first quarter of fiscal year 2014.
While the British mining company Anglo American, the biggest platinum producer in the world climbed 1.5% higher, as it posted its underlying profit for 2013 which increased by 6% to $6.62 billion and compared with $6.253 billion recorded in 2012.
Schindler dropped 2.9% lower to 129.50 Swiss francs after the company’s profits in 2013 declined to 463 million francs from 730 million francs from the previous year.
Visitwww.hymarkets.com to find out more about our products and start trading today with only $50 using the latest trading technology today.
Stocks in the European market were seen little changed on Friday as market participants awaits gross domestic product (GDP) reports from Germany, France, Italy and the rest of the countries in the eurozone.
The European Euro Stoxx 50 dropped 0.01% lower at 3,098.50, while the French CAC 40 declined 0.07% to 4,310.80. The German DAX edged 0.03% higher at 9,600.30, at the same time the UK benchmark FTSE 100 lost 0.08% at 6,654.30.
Stocks – Germany’s Growth
Germany’s gross domestic product (GDP) climbed 0.4% higher in the fourth quarter, the Federal Statistics Office in Wiesbaden confirmed, after a growth off 0.3% in the previous quarter. Year over year the German economy grew by 1.3% in the final quarter after a rise of 1.1% in the previous three months.
Stocks- France
The French economy expanded by 0.8% in the fourth quarter last year, compared to analysts’ predictions of a 0.6% rise, reports from the National Institute of Statistics and Economic Studies (INSEE) revealed on Friday.
Italy
Italy stands as the third largest economy in the Eurozone, however shows a slow growth as the economy declined in the fourth quarter. Analysts’ are forecasting to see a drop of 0.8% and compared to 1.8% recorded in the previous quarter.
The eurozone is predicted to show a rise of 0.4% in the fourth quarter.
Other news
The German company, ThyssenKrupp climbed 3.2% higher, after recording a loss of 69 million euros in the first quarter of fiscal year 2014.
While the British mining company Anglo American, the biggest platinum producer in the world climbed 1.5% higher, as it posted its underlying profit for 2013 which increased by 6% to $6.62 billion and compared with $6.253 billion recorded in 2012.
Schindler dropped 2.9% lower to 129.50 Swiss francs after the company’s profits in 2013 declined to 463 million francs from 730 million francs from the previous year.
Visit www.hymarkets.com to find out more about our products and start trading today with only $50 using the latest trading technology today.
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