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    10.06.2016 16:09 European stocks close: stocks closed lower on falling oil prices

    10.06.2016 16:09

    European stocks close: stocks closed lower on falling oil prices

     

    Stock closed lower as oil prices continued to decline. Oil prices fell on a stronger U.S. dollar.

     

     

    No major economic reports were released in the Eurozone.

     

     

    The Bank of England (BoE) released its quarterly survey on Friday. Consumer inflation expectations for the coming year in the UK rose to 2.0% in June from 1.8% in March.

     

     

    Inflation expectations for coming two years in the U.K. increased to 2.2% in June from 2.1% in March.

     

     

    The annual consumer price inflation in the U.K. was 0.3% in April, below the central bank's 2% target.

     

     

    The Office for National Statistics (ONS) released its construction output data for the U.K. on Friday. Construction output in the U.K. climbed 2.5% in April, after a 3.6% drop in March.

     

     

    The increase was mainly driven by rises in all new work and all repair and maintenance. All new work gained 2.9% in April, while all repair and maintenance rose 1.9%.

     

     

    On a yearly basis, construction output decreased 3.7% in April, after a 4.5% fall in March.

     

     

    Indexes on the close:

     

     

    Name Price Change Change %

     

     

    FTSE 100 6,115.76 -116.13 -1.86 %

     

     

    DAX 9,834.62 -254.25 -2.52 %

     

     

    CAC 40 4,306.72 -98.89 -2.24 %


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