European Stocks Close Mixed as Concerns over Turkey Ease

August 14, 2018
European Stocks Close Mixed as Concerns over Turkey Ease

By Investors Hub

European stocks have turned mixed on Tuesday even as concerns over Turkey eased somewhat and a slew of European data painted a positive picture.

While the U.K.?s FTSE 100 Index has fallen by 0.3 percent, the French CAC 40 Index and the German DAX Index are both up by 0.1 percent.

Dental implant maker Straumann has moved sharply higher after the company raised its full-year revenue target.

German utility RWE has also rallied after its first-half core profit came in line with expectations.

On the other hand, Chilean copper miner Antofagasta has tumbled after its first-half earnings fell 16 percent from last year.

In economic news, German consumer price inflation moderated to a 3-month low of 2.0 percent in July from 2.1 percent in June, a government report showed.

Another report showed German GDP climbed 0.5 percent sequentially in the second quarter, slightly faster than the 0.4 percent growth estimated by analysts and the revised 0.4 percent increase in the first quarter.

The German ZEW economic sentiment index improved in August and Eurozone GDP figures for the second quarter came in slightly better than expected, helping support regional sentiment.

Elsewhere, the U.K. jobless rate hit a 43-year-low in the three months to June, but wage growth slowed to the weakest rate in almost a year, official data showed.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

Leave a Reply

President Trump Calls Omarosa Lowlife Dog
Previous Story

President Trump Calls Omarosa Lowlife Dog

Asian Markets End Mixed on Disappointing Chinese Data
Next Story

Asian Markets End Mixed on Disappointing Chinese Data

Latest from Economy

Don't Miss