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5/5/2016, 5:48 PM (Source: TeleTrader)
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European stocks end mostly lower

Stock markets in Europe ended the trading day mostly in negative territory, after a flood of earnings reports and with background of rising oil prices.

In Frankfurt, the DAX index closed just down 0.01% at 9,827 points. Financial sector was leading in losses: Allianz fell 6.58%, Deutsche bank dropped 2.11%, and Commerzbank was down 2.02%. RWE added 1.77%, Bayer rose 1.44% and ProSiebenSat1 climbed up 1.32%.

The French CAC 40 index finished down 0.11% at 4,319 points. Engie rolled down 3.04%, Société Générale fell 2.71%, Crédit Agricole fell 2.21% and Schneider Electric dropped 2.20%. Sanofi added 1.45% and Airbus flew up 1.45%.

Across the Channel, the FTSE 100 edged 0.09% to 6,117 points, with BT rising 2.63% and Pearson adding 2.61%. Centrica fell 9.78% and Inmarsat lowered the orbit by 7.20%.

In Milan, the FTSE MIB fell 0.07% to 17,923 points in another day of losses for the banking sector, following earnings reports. In Greece, however, the Athex index added 1.94% mostly on gains banking sector.

The Netherlands' AEX index added 0.54%, while the Polish WIG index fell 1.26%

Oil prices lost the pace from an earlier rally, and Brent traded up 2.32% at $45.68 a barrel, while WTI rose 2.75% at $45.02 a barrel at ICE Europe by 5:44 p.m. CET.

The euro fell 0.72% against the U.K. pound, and was 0.73% lower versus the U.S. dollar. The currency lost 0.41% against the Japanese yen and rose 0.40% versus the Swiss franc by 5:47 p.m. CET.

 

Image: EPA

Breaking the News / ZR