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    23.11.2015 11:01 European stock markets mid session: stocks traded lower on a drop in commodity prices

    Stock indices traded lower on a drop in commodity prices. Global oversupply and a weak demand weigh on commodity prices.

    Meanwhile, the economic data from the Eurozone was positive. Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for the Eurozone on Monday. Eurozone's preliminary manufacturing PMI rose to 52.8 in November from 52.3 in October. Analysts had expected the index to remain unchanged at 52.3.

    Eurozone's preliminary services PMI climbed to 54.6 in November from 54.1 in October. Analysts had expected the index to remain unchanged at 54.1.

    Business activity and employment were main contributors for the rise.

    Markit's Chief Economist Chris Williamson said that Eurozone's economic growth accelerated, "putting the region on course for one of its best quarterly performances over the past four-and-a-half year".

    He noted that data was signalling the Eurozone's economy could expand 0.4% in the fourth quarter.

    "November's slightly improved PMI reading will no doubt do little to dissuade policymakers that more needs to be done at their December meeting to ensure stronger and more sustainable growth," Williamson added.

    Germany's preliminary manufacturing PMI climbed to 52.6 in November from 52.1 in October, beating forecasts of a decrease to 52.0.

    Germany's preliminary services PMI was up to 55.6 in November from 54.5 in October. Analysts had expected index to decline to 54.3.

    France's preliminary manufacturing PMI rose to 50.8 in November from 50.6 in October, in line with forecasts.

    France's preliminary services PMI decreased to 51.3 in November from 52.7 in October. Analysts had expected the index to fall to 52.6.

    Current figures:

    Name Price Change Change %

    FTSE 100 6,299.63 -35.00 -0.55 %

    DAX 11,086.69 -33.14 -0.30 %

    CAC 40 4,877.72 -33.25 -0.68 %


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