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    European stock markets mid-session: DAX sets new all-time high, CAC40 highest level since 2008, FTSE100 just below all-time high | 10.04.2015

     

    European stocks are trading higher today boosted by a weaker euro ahead of corporate earnings, with the single currency re-approaching lows from a month ago and down for a fifth consecutive day. The weaker single currency is seen as positive for Eurozone's economic recovery. Better-than expected French data on Industrial Production further added to the bullish sentiment.

     

     

    The Unemployment Rate in Switzerland unexpectedly rose to 3.4% in March, above the estimated flat reading of 3.2%.

     

     

    French Industrial Production for February came in at 0.0%, beating estimates for a decline by -0.1%. In January Industrial Production rose 0.4%. Year on year Industrial Production declined from a previous reading of 0.6% to 0.3%.

     

     

    Today the Office for National Statistics reported U.K.'s Industrial and Manufacturing Production data for the month of March. Industrial Production only rose 0.1%, below the estimated increase of 0.3%. The output was dragged down by a strong decline in energy. In February Industrial Production declined -0.1%.

     

     

    Manufacturing Production rose 0.4%, in line with expectations from -0.5% in the preceding month. The best performing sectors out of the 13 were transport equipment, machinery and metals. Seven sectors posted gains.

     

     

    The commodity heavy FTSE 100 index is currently trading 0.37% quoted at 7,041.06 points, close to its all-time high hit in March. Germany's DAX 30 is trading at 12,309.66 points 1.18% close to a fresh all-time high set in today's trading session. France's CAC 40 is currently trading at 5,231.69 points, 0.44%, the highest level since 2008.


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