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5/16/2016, 11:26 AM (Source: TeleTrader)
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EU markets lower in early trade

European markets were trading lower at the beginning of trade on Monday, after China reported lower than expected growth in industrial output, retail sales and fixed asset investment. German, Danish, Austrian, Norwegian and Swiss markets are closed due to a public holiday.

Stoxx 50 was 0.53% down to 2,790.64 points at 11:17 a.m. CET. The early winners were communication services companies BT Group Plc, Vodafone Group Plc and Telefonica Inh.  Losing stocks were financial companies Intesa Sanpaolo and Prudential plc.

The French CAC 40 declined 0.89% to 4,281.47 points at 11:18 a.m. CET. The biggest gainer was steel and mining company Arcelormittal whose stocks rose 1.24% followed by Total’s increase of 0.42% at 11:03 a.m. CET.  Losses were seen in the automobile industry led by Valeo which was down 2.14%. Peugeot declined 2.05% and Renault decreased 1.42% at 11:04 a.m. CET.

The London FTSE 100 was 0.25% down to 6,123.65 points at 11:06 a.m. CET. Leading traders were mining businesses Anglo American plc which rose 5.77% and Antofagasta plc increased 3.23% at 11:21 a.m. CET. Losers were biopharmaceutical company Shire plc which fell 1.65% and Provident Financial plc which declined 1.59% at 10:57 CET.

The FTSE MIB decreased 0.97% to 17,557.95 points. Winning stocks were Telecom Italia rising 3.30% and Buzzi Unicem increasing 2.34% at 11:00 a.m. CET. An investment company Exor, fell most, 3.45%, followed by Unicredit which dropped 2.75% at 11:03 a.m. CET.

The Euro grew 0.11% against the greenback, 0.15% against franc and 0.17% against sterling at 11:05 a.m. CET.

 

Image: EPA / Justin Lane

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