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12.01.2015 17:00

European stocks close: stocks closed higher as drug makers shares climbs

Stock indices closed higher as drug makers shares climbs.

There were released no major economic reports in the Eurozone.

Statistical offices in France and Italy and Germany's Ifo Institute released its growth forecast on Monday. The gross domestic product (GDP) is expected to grow 0.3% in first and second quarter of 2015, driven by domestic.

Inflation in the Eurozone is expected to be near zero in the first quarter 2015 and +0.2% in the second 2015.

The Organization for Economic Cooperation and Development (OECD) released its leading indicators on Monday. The composite leading indicator increased to 100.5 in November from 100.4 in October.

The leading indicators signalled stable growth momentum for the United States, Canada and China, while it showed a slowdown in Germany, Italy, Russia and the U.K.

Lower level of momentum is expected in France, Brazil and in the whole Eurozone.

The Slovak news agency TASR quoted the European Central Bank's (ECB) governing council member Jozef Makuch on Monday. Makuch said the ECB is ready to implement quantitative easing if needed.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,501.42 +0.28 0.00%

DAX 9,781.9 +133.40 +1.38%

CAC 40 4,228.24 +49.17 +1.18%

Market Focus

  • Donald J. Trump was inaugurated as the 45th president of the United States
  • Canada: Retail Sales, m/m, November 0.2% (forecast 0.5%)
  • U.S.: Nonfarm Payrolls, January 227 (forecast 175)
  • Eurozone: Consumer Confidence, January -4.9
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