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12.03.2015 19:00

European stock markets mid-session: FTSE adds gains, CAC and DAX take a breather

European stocks trade mixed today with the DAX and CAC40 taking a breather after the recent rally. A weaker Wall Street and continuing uncertainty over Greece weigh- on Tuesday German Finance Minister Wolfgang Schäuble warned that Greece is wasting time. The ECB's QE, its massive bond buying program, continues to lend support.

U.K.'s RICS House Price Balance rose 14%, far more than the expected 6% for February. January data had a reading of 7%.

Data on German CPI came in unchanged and in line with expectations remaining at +0.9% in February. French CPI rose more than expected +0.7%, 0.1% above estimates.

Eurozone's Industrial Production declined unexpectedly in January by -0.1% from a flat reading in the previous period. Analysts expected Industrial Production to rise +0.3%.

Later in the day U.S. data including Retail Sales, Initial Jobless Claims and Business Inventories will be in the focus.

The commodity heavy FTSE 100 index is currently trading +0.87% quoted at 6,780.08, boosted by gains in the mining sector. Germany's DAX 30 lost -0.25% trading at 11,777.06 setting a new all-time high at 11,828.52 points earlier. France's CAC 40 is currently trading at 4,989.11 points, -0.17%.

Market focus

  • UK PM Theresa May says that she is to step down on 7 June
  • UK retail sales remained unchanged in April
  • Italy’s Deputy Prime Minister Salvini says EU fiscal rules must be changed
  • President Trump says 'dangerous' Huawei could be included in U.S.-China trade deal
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