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European stocks dropped due to the mixed earnings results from companies across Europe and the escalation of tensions in Ukraine. Markets found support in the better-than-expected economic data in the Eurozone, but tensions in Ukraine are still weighing on sentiment.
Eurozone’s month-on-month retail sales increased to 0.3% in March from 0.1% in February. February’s figure was revised down to 0.1% from 0.4%. Analysts forecasted a rise of 0.2%.
The number of unemployed people in Spain declined by 111,600 in April from a 16,600 decrease in March. Analysts expected a fall of 49,100.
Balfour Beatty Plc shares declined 20%. The CEO Andrew McNaughton quit his job after 13 months.
PostNL shares climbed 10% after the announcing better-than-expected first quarter earnings.
Barclays decreased 5.2% after the release of the weaker-than-expected first quarter earnings.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,798.56 -23.86 -0.35%
DAX 9,467.53 -61.97 -0.65%
CAC 40 4,428.07 -34.62 -0.78%
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