TeleTrade - Analytics

    TeleTrade

    873.00 6.50/10
    68% of positive reviews
    Real

    24.11.2015 11:00 European stock markets mid session: stocks traded lower on concerns over the situation in the Middle East

    Stock indices traded lower on concerns over the situation in the Middle East. Turkey reported that it shot down the Russian jet near the Syria's border. The jet should have violated Turkish airspace.

    Meanwhile, the economic data from the Eurozone was positive. German Ifo Institute released its business confidence figures for Germany on Tuesday. German business confidence index rises to 109.0 in November from 108.2 in October. Analysts had expected to remain unchanged at 108.2.

    "The German economy remains unaffected by growing uncertainty worldwide. Not even the Paris attacks had a negative impact on survey data," Ifo President Hans-Werner Sinn said.

    The Ifo current conditions index increased to 113.4 from 112.7. October's figure was revised up from 112.6. Analysts had expected the index to fell to 112.4.

    The Ifo expectations index rose to 104.7 from 103.9. October's figure was revised up from 103.8. Analysts had expected the index to decrease to 104.0.

    Destatis released its final gross domestic product (GDP) growth for Germany on Tuesday. Germany's final GDP gained by 0.3% in the third quarter, in line with the preliminary reading, after a 0.4% increase in the second quarter.

    The increase was driven by domestic final consumption expenditure. Household consumption expenditure rose by 0.6% in the third quarter, while government spending increased by 1.3%.

    Exports of goods and services were up 0.2% in third quarter, while imports climbed 1.1%.

    On a yearly basis, Germany's final GDP rose to 1.8% in the third quarter from 1.6% in the second quarter, in line with the preliminary reading.

    Current figures:

    Name Price Change Change %

    FTSE 100 6,248.65 -56.84 -0.90 %

    DAX 10,980.44 -111.87 -1.01 %

    CAC 40 4,812.63 -76.49 -1.56 %


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree