14 Sep 2015
European stocks swing from losses to gains
FXStreet (Mumbai) - The European stock markets ignored the weak China data and turned positive after the Eurozone industrial production figure for July beat estimates.
The pan-European Euro Stoxx 600 index currently trades 0.20% higher at 356.40 levels. The index pared gains from the high of 358.93 levels. The Euro Stoxx 50 futures were pointing to moderate weakness in the early European session.
Among Stoxx 600 index, shares in National Bank of Greece suffered 5% loss to be the biggest index loser. Morrison supermarkets dropped 3.30%. On the other side, TF1 and Abengoa B advanced 6.6% and 6% respectively.
Earlier today, Chinese stock markets dropped after the country reported another drop in the industrial production figure. However, a positive development of an uptick in the retail sales was ignored by the markets.
The pan-European Euro Stoxx 600 index currently trades 0.20% higher at 356.40 levels. The index pared gains from the high of 358.93 levels. The Euro Stoxx 50 futures were pointing to moderate weakness in the early European session.
Among Stoxx 600 index, shares in National Bank of Greece suffered 5% loss to be the biggest index loser. Morrison supermarkets dropped 3.30%. On the other side, TF1 and Abengoa B advanced 6.6% and 6% respectively.
Earlier today, Chinese stock markets dropped after the country reported another drop in the industrial production figure. However, a positive development of an uptick in the retail sales was ignored by the markets.