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The stock indices stocks dropped due to the weak growth in the Eurozone. Eurozone’s gross domestic product increased 0.2% in the first quarter, from a 0.2% decrease in the previous month. Analysts had expected a 0.4% rise. On a yearly basis, the GDP in the Eurozone rose 0.9%, missing expectations for an increase of 1.1%.
On a yearly basis, Eurozone’s harmonized consumer price index was unchanged at 0.7% in April. Analysts had forecasted this figure. On a monthly basis, the consumer price index in the Eurozone rose 0.2% April, from a 0.9% gain in March. The inflation rate is still well below the ECB's 2% inflation target.
Thomas Cook Group Plc shares declined 12.0% after posting the weak earnings results.
Richemont shares increased 4.0%, as the company’s results were exceeding analysts’ forecasts.
Deutsche Post AG shares decreased 5.2% after reporting its first quarter results, missing analysts’ forecasts.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,840.89 -37.60 -0.55%
DAX 9,656.05 -98.34 -1.01%
CAC 40 4,444.93 -56.11 -1.25%
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