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The stock indices stocks traded mixed amid the U.S. housing market data.
The IFO - Business Climate index for Germany dropped to a 5-month low of 110.4 in May, from 111.2 in March. Analysts had expected the index to decline to 111.0. Market participants hope the further stimulus measures by the European Central Bank will be introduced in June due to recently released weak economic data in the Eurozone.
German gross domestic product climbed 0.8% in the first quarter (Q4 2013: +0.8%), meeting analysts’ expectations.
On a yearly basis, German gross domestic product rose 2.3% in the first quarter (Q4 2013: +2.2%), exceeding analysts’ expectations of a 2.2% gain.
Pandora A/S declined 3.7% as some shareholders sold a stake of about 10%.
Name Price Change Change %
FTSE 100 6,800.3 -20.26 -0.30%
DAX 9,740.83 +19.92 +0.20%
CAC 40 4,477.34 -0.87 -0.02%
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