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European stocks open mixed today with the German DAX in negative territory. Stalling negotiations between Greece and the E.U. weigh on the markets as the country is struggling to unlock more bailout funds. Greece failed to reach an agreement with the European Union and the IMF. The proposed reforms were rather seen as 'ideas' than concrete plans and therefor dismissed.
Final data on Eurozone's, French and German Manufacturing for March was reported today. The French Manufacturing PMI rose above estimates of 48.2 with reading to 48.8. German Manufacturing PMI came in above estimates of 52.4 at 52.8. Data for the Eurozone showed that Manufacturing PMI a reading above estimates at 52.2, beating estimates of a reading of 51.9.
The commodity heavy FTSE 100 index is currently trading +0.37% quoted at 6,798 points. Germany's DAX 30 is trading at 11,955.64 points -0.09%. The DAX has risen almost 23% in the first quarter - the most in a quarter since 2003. France's CAC 40 is currently trading at 5,049.73 points, +0.32%.
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