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    07.07.2015 10:05 European stock markets mid session: stocks traded slightly lower ahead of the summit of the Eurozone leaders today

    Stock indices traded slightly lower ahead of the summit of the Eurozone leaders today. Eurozone leaders are awaiting new proposals from Greek Prime Minister Alexis Tsipras.

    Greek Finance Minister Yanis Varoufakis has resigned after Greeks said "No" to the creditors' proposals. Euclides Tsakalotos has been named Greece's new finance minister.

    Meanwhile, the economic data from the Eurozone was mixed. German industrial production was flat in May, missing expectations for a 0.1% gain, after a 0.6% rise in April. April's figure was revised down from a 0.9% increase.

    According to the French Customs, France's trade deficit widened to €4.0 billion in May from €3.3 billion in April. April's figure was revised down from a deficit of €3.0 billion.

    Analysts had expected a trade deficit of €3.3 billion.

    Exports declined 0.6% in May, while imports rose 1.2%.

    The Office for National Statistics (ONS) released its manufacturing industrial production figures for the U.K. on Tuesday. Manufacturing production in the U.K. dropped 0.6% in May, missing expectations for a 0.1% gain, after a 0.4% decrease in April.

    Manufacturing output was driven by a decline in a decline in the manufacture of weapons and ammunition, which dropped 21.5%.

    On a yearly basis, manufacturing production in the U.K. increased 1.0% in May, missing forecast of a 1.8% gain, after a 0.1% rise in April. April's figure was revised down from a 0.2% gain.

    Industrial production in the U.K. climbed 0.4% in May, beating forecasts of a 0.2% fall, after a 0.3% gain in April. April's figure was revised down from 0.4% increase.

    The increase in the industrial output was driven by higher oil and gas production. Oil and gas extraction increased 7.3% in May.

    On a yearly basis, industrial production in the U.K. gained 2.1% in May, exceeding expectations for a 1.6% rise, after a 1.2% increase in April.

    Current figures:

    Name Price Change Change %

    FTSE 100 6,530.03 -5.65 -0.09 %

    DAX 10,857.18 -33.45 -0.31 %

    CAC 40 4,689.46 -22.08 -0.47 %


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