Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


02.03.2015 12:00

European stock markets mid-session: DAX and FTSE retreat from fresh all-time highs

European stocks mostly declined over the course of the day. The FTSE and the DAX retreated from all-time highs set earlier in the session.

U.K.'s Nationwide House Price Index for February declined to the lowest in in 17 months in February from a previous reading of +0.3% by -0.1%. Year on year the index rose +5.7% compared to +6.8% last year.

France, Germany and the Eurozone reported Manufacturing PMIs. February data from France showed a decline from previous 47.7 to 47.6 below estimates of an unchanged reading. The German PMI rose to 51.1, beating estimates of on unchanged reading of 50.9. Manufacturing PMI for the Eurozone declined to 51.0 coming from a previous reading of 51.1 and 0.1 points below estimates.

The Unemployment Rate in the Eurozone declined to the lowest level since April 2012, Eurostat reported today. The number of people unemployed fell to a seasonally adjusted 11.2% in January from 11.3% in December (revised down from 11.4%). Analyst expected a reading of 11.4%. In December. Germany has the lowest Unemployment Rate with 4.7% followed by Austria with 4.8% whereas Greece and Spain have the highest.

Although data for Consumer Price Inflation came in higher-than-expected at -0.3% compared to estimates at -0.5% and a previous reading of -0.6% inflation remained in negative territory for a third consecutive month, preliminary data showed. Given the reading far below the targeted inflation rate of the ECB around 2%, concerns over deflation in the Eurozone persist. Low oil prices kept inflation low.

U.K Mortgage Approvals came in below expectations of 61 at 60.7. The Purchasing Manager Index Manufacturing improved from revised 53.1 (previous reading of 53) to 54.1 in February. Net Lending to Individuals rose from 2.2 billion to 2.4 billion. Analyst expected a rise to 2.6 billion.

The FTSE 100 index is currently trading +0.01% quoted at 6,947.39. Germany's DAX 30 added +0.10% trading at 11,413.23, close to its new all-time high. France's CAC 40 is currently trading at 4,924.40 points, -0.55%.

02.03.2015 13:01

Orders

Market Focus

  • The eurozone started the third quarter on a solid footing, according to PMI survey data
  • Earnings Season in U.S.: Major Reports of the Week
  • German private sector output growth slowed for the second month running in July
  • ECB's Mersch says as conditions normalise, it is unlikely that uncoventional policies will remain necessary
July 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2017 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page