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The stock indices to a 6-year highs, supported by the better-than-expected earnings results from companies across Europe and the news that Germany's Bundesbank is willing to back new stimulus measures from the ECB.
But the weaker-than-expected economic data from the Eurozone and Germany had a negative impact on stock markets. The ZEW Centre for Economic Research released the economic sentiment figures for May. German economic sentiment slid to 33.1 in May from 43.2 in April. Analysts had expected 41.3.
Eurozone’s economic sentiment declined to 55.2 in May from 61.2 in April. Analysts had forecasted 63.5.
ThyssenKrupp AG shares climbed 4.1% after the company raised its full-year earnings forecast.
Airbus Group shares increased 6.4% after reporting the narrower-than-expected loss for the first quarter.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,873.08 +21.33 +0.31%
DAX 9,754.43 +51.97 +0.54%
CAC 40 4,505.02 +11.37 +0.25%