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19.12.2014 12:00

European stock markets mid-session: European indices decline after recent rally

European indices reversed early gains after moving up for four days supported by U.S. indices after the FED statement and good U.S. employment data. Today Italian Banks were downgraded by S&P, weighing on the markets. The energy sector was under pressure again as oil prices further decline. Earlier in the session markets found support in a better-than-expected Gfk Consumer Confidence Survey.

In today's session the FTSE 100 index added +0.30% supported by better-than expected CBI Reatil Sales quoted at 6,485.40 points, France's CAC 40 lost -0.72% trading at 4,218.75. Germany's DAX 30 is currently trading -0.71% at 9,741.44 points.

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