29 Apr 2016
European stocks slide ahead of Euro-zone GDP and inflation data
On Friday, the European stock markets opened lower with a cut of around 1%, resuming their fall after recovering from mostly a downbeat session on Thursday.
German DAX 30 index is trading with a cut of -1.07% at 10,200, while the UK's FTSE 100 index dropped -0.85% to trade at 6,268. Among the other indices, the French CAC 40 index slipped below 4,500 mark, down -1.5%, while the broader index, Stoxx 600, which tracks 600 publicly-traded companies in 18 EU countries, is also trading with a negative bias and is down over 1%.
Asian markets continue to slide
Broad-base selling across global stock markets in the wake of BoJ's inaction on Thursday continues to weigh investor sentiment on the last trading day of the week. Earlier during the day, Asian markets also extended their slide on Friday with Hong-Kong’s HangSeng Index losing over 1.5% and China's Shanghai Composite Index trading with minor cut of 0.25%. Overnight the US equity indices also posted losses of around 1% after the US advance GDP reading fell short of expectations.
Euro-zone inflation and GDP data eyed
Markets now look forward the preliminary readings on Euro-zone inflation and first-quarter GDP, which would reinforce ECB's concerns over low inflation and sluggish economic recovery.
German DAX 30 index is trading with a cut of -1.07% at 10,200, while the UK's FTSE 100 index dropped -0.85% to trade at 6,268. Among the other indices, the French CAC 40 index slipped below 4,500 mark, down -1.5%, while the broader index, Stoxx 600, which tracks 600 publicly-traded companies in 18 EU countries, is also trading with a negative bias and is down over 1%.
Asian markets continue to slide
Broad-base selling across global stock markets in the wake of BoJ's inaction on Thursday continues to weigh investor sentiment on the last trading day of the week. Earlier during the day, Asian markets also extended their slide on Friday with Hong-Kong’s HangSeng Index losing over 1.5% and China's Shanghai Composite Index trading with minor cut of 0.25%. Overnight the US equity indices also posted losses of around 1% after the US advance GDP reading fell short of expectations.
Euro-zone inflation and GDP data eyed
Markets now look forward the preliminary readings on Euro-zone inflation and first-quarter GDP, which would reinforce ECB's concerns over low inflation and sluggish economic recovery.