To receive new articles instantly Subscribe to updates.
Investors are disappointed with statistics
Written by: PaxForex analytics dept - Friday, 27 June 2014 0 comments
Trading sessions earlier in the week, mostly held under pressure with published statistics that in Europe and in the U.S. disappointed market participants.
Preliminary data on the index of business activity in the manufacturing sector and the services sector in Germany in March amounted to 53.8 and 54 points, respectively, compared with 54.8 and 55.9 points in February.
Meanwhile, the corresponding figures of the Eurozone amounted to 53.0 and 52.4 points, respectively, while the previous month values were 53.2 and 52.6.
Following the session on Monday, the UK benchmark index FTSE 100 fell by 0.6%, France's CAC 40 lost 1.4%, while Germany's DAX went down by 1.7%. Regional indicator STXE 600, in turn, decreased by 1.1% and closed at 324.39.
PMI index in the United States, calculated by research group Markit, fell to 55.5 from 57.1 in February, reflecting a slowdown in business activity in the U.S. industry.
In the U.S. the decline in European indices and indicator of blue chips extends. Dow Jones Industrial Average fell by 0.16% to 16,276.69 points, the market index Standard & Poor 's 500 dropped to 0, 49% and reached the level of 1857.44 points and the index of high-tech companies Nasdaq Composite went down by 1.18% to 4226.39 points level.