After the recent rally, European stock indexes are moved in a sideways trend. Today's economic data did not have a material effect on the market. Producer price index in August rose by +0.9% (forecast +0.6%) and the annual rate of +2.7% (forecast +2.6%).
Analysts of international rating agency Moody's said that the evaluation of analysts, Spanish banks may need twice as much capital than shown by the results of stress tests. Their capital needs may reach 105 billion euros ($ 135 billion).
FTSE 100 5,824.13 +3.68 +0.06%
DAX 7,350.49 +23.76 +0.32%
CAC 3,434.20 -0.78 -0.02%
Delhaize Group added 2.3% on sales growth. Alstom shares rose 5.5% after the company sold shares in the private placement of 350 million euros ($ 452 million). Erste Group lost 2.2% after the largest shareholder sold its stake to 235 million euros.
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