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10.12.2014 17:00

European stocks close: most stocks closed lower on falling oil prices

Most stock indices closed lower on falling oil prices. Oil prices hit new five-year lows after the OPEC revised down its forecast for global crude demand growth next year.

Industrial production in France declined 0.8% in October, missing expectations for a 0.2% gain, after the flat reading in September.

On a yearly basis, French industrial production dropped 1.0% in October, after a 0.3% decline in September.

Final non-farm payrolls in France decreased 0.3% in the third quarter, missing forecasts of a 0.2% decline, after the flat reading in the second quarter. The second quarter's figure was revised up from a 0.2 fall.

The U.K. trade deficit fell to £9.6 billion in October from £10. 5 billion in September, missing expectations for a deficit of £9.5 billion. September's figure was revised down from a deficit of £9.8 billion.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,500.04 -29.43 -0.45%

DAX 9,799.73 +6.02 +0.06%

CAC 40 4,227.91 -36.03 -0.84%

Market Focus

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  • Eurozone: Consumer Confidence, January -4.9
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