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Most stock indices stocks increased due to the positive manufacturing data in China and the U.S. China’s HSBC manufacturing index (preliminary) climbed to 49.7 in May, up from 48.1 in April. Analysts had expected an increase to 48.4.
U.S. flash manufacturing purchasing managers' index rose to 56.2 in May, from 55.4 in April. Analysts had forecasted a gain to 55.6.
The European stock markets were also supported by the better-than-expected flash services purchasing managers' index in the Eurozone. The growth in the service industry show some signs of recovery in the Eurozone. But the factory activity in the Eurozone was disappointing.
Eurozone’s flash manufacturing purchasing managers' index fell to 52.5 in May, from 53.4 in April. That was the slowest growth in six months. Analysts had expected a decrease to 53.2.
Eurozone’s flash services purchasing managers' index climbed to 53.5 in May, from 53.1 in April. That was the fastest pace in almost three years. Analysts had forecasted a decrease to 53.0.
France's flash manufacturing purchasing managers' index decreased to 49.3 in May, from 51.2 in April. Analysts had expected a decline to 51.1.
France's flash services purchasing managers' index decreased to 49.2 in May, from 50.4 in April. Analysts had forecasted a fall to 50.3.
Germany's manufacturing purchasing managers' index I slid to 52.9 in AMy, from 54.1 in April. Analysts had expected a decline to 54.0.
Germany's services purchasing managers' index gained to 56.4 in May, from 54.7 in April. Analysts had forecasted a rise to 54.8.
Raiffeisen Bank International AG shares rose 5.8% after reporting the better-than-expected earnings in the first quarter.
Royal Mail Plc shares dropped 9.7% after the company released that the full-year profit missed analysts’ forecast.
Logitech International SA declined 4.8% after reporting its annual report will be released later because of an accounting investigation.
Indexes on the close:
FTSE 100 6,820.56 -0.48 -0.01%
DAX 9,720.91 +23.04 +0.24%
CAC 40 4,478.21 +9.18 +0.21%
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