London: Europe’s stock markets mostly rose Tuesday as investors absorbed unrevised first-quarter eurozone growth data, but Frankfurt stumbled on downbeat German news, dealers said.
London rose 0.2 percent in late morning deals, while Paris gained 0.1 percent and Frankfurt fell 0.1 percent in early afternoon trade.
Eurozone economic growth hit 0.4 percent in the January-March period from 0.7 percent in the previous quarter, the EU’s Eurostat statistics agency confirmed in its latest estimate, but analysts laid the blame on temporary factors.
“Equity markets in Europe are experiencing low volatility today, as the outlook for the region remains unchanged,” noted CMC Markets analyst David Madden.
However, the powerhouse German economy grew more slowly than previously thought, expanding by 0.3 percent — or half the pace of the prior three months.
Source: Brecorder
