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Stock indices traded mixed due to the weaker-than-expected German Ifo business climate index. The German Ifo business climate index declined to 109.7 in June from 110.4 in May. That was the lowest level this year. Analysts had expected a fall to 110.3.
The German Ifo expectations index fell to 104.8 in June from 106.2 in May.
The Bank of England Governor Mark Carney testified before parliament's Treasury committee today. He said that the interest rate hike will be driven by the U.K. economic data. Mr. Carney also said there has been more spare capacity in the labour market that can be absorbed before the interest rate hike.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,787.07 -13.49 -0.20%
DAX 9,938.08 +17.16 +0.17%
CAC 40 4,518.34 +2.77 +0.06%
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