Showing posts with the label CNBC | European Markets at Close Report

CNBC | European Markets at Close Report January 07, 2014: European shares close higher; German unemployment falls

European equities closed higher on Tuesday after inflation data for the euro zone came in lower than expected, increasing the pressure on the  European Central Bank (ECB)  to announce stimulus measures at its policy meeting this week. Inflation misses The pan-European  FTSEurofirst 300 Index  closed provisionally higher by 0.8 percent at 1319.54 points after a flat morning start, following an unexpected drop in unemployment in Germany. In addition, Spanish stocks performed well for a second day after Monday's better than a expected PMI services sector data. Spain's  IBEX  index led the rally, closing higher by around 2.8 percent, with  Bankinter  rising 4.8 percent,  Caixabank  closing up around 7 percent and  BBVA  provisionally closing higher by 5.7 percent. Consumer prices for the euro zone showed an increase of 0.8 percent, according to data on Tuesday morning. This missed expectations of 0.9 percent and increased the likelihood of the ECB calling into action