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European Equities Extend Mixed Performance

By Investors Hub

European stocks are turning in another lackluster performance on the day after ending the previous session mixed. While the German DAX Index has fallen by 0.3 percent, the U.K.?s FTSE 100 Index and the French CAC 40 Index are both up by 0.3 percent.

Shares of Ericsson have moved sharply higher after the telecom giant reported a narrower first quarter loss on improved gross margin and reduced operating expenses.

Meanwhile, consumer good company Reckitt Benckiser has come under pressure after reporting weaker than expected first quarter results.

In economic news from the eurozone, German producer price inflation accelerated for the first time in six months in March, albeit marginally.

Data released by Destatis showed German producer price inflation rose to 1.9 percent in March from February’s 14-month low of 1.8 percent. The rate was forecast to increase to 2.0 percent.

On a monthly basis, producer prices edged up 0.1 percent from February, when prices dropped 0.1 percent. Prices were expected to rise by 0.2 percent.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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