News Column

European stocks fall on German data

February 19, 2014

European stocks markets mostly fell on Tuesday as investors reacted to regional economic data, including weaker business sentiment in Germany and lower British inflation.

Frankfurt's DAX 30 index dipped 0.17 percent to 9,640.75 points and the CAC 40 in Paris lost 0.40 percent to stand at 4,317.97 points in midday deals, AFP reported.

London's benchmark FTSE 100 index rose 0.14 percent to 6,745.33compared with Monday's closing value.

Milan's FSTE Mib index dropped 0.23 percent to 20,413.34 points and Madrid's IBEX 35 shed 0.85 percent to 10,032.60. The euro firmed to $1.3728 from $1.3724 late in New York on Monday.

The European single currency gained to 82.25 British pence from 82 pence. The pound fell to $1.6688 from $1.6714. On the London Bullion Market, the price of gold dropped to $1,318.87 an ounce from $1,327.50 on Friday.

The Russian ruble fell to a record low level against the euro which rose to 48.55 rubles from the previous record of 48.46 rubles on Friday. The Turkish lira firmed slightly to 2.1797 to the dollar and 2.9933 to the euro after the central bank held its key rates in line with sharp increases last month.

Investment sentiment in Germany slipped in February as uncertainty about the US and emerging economies came to the fore, but the German recovery remains intact, data showed on Tuesday.

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Source: Iran Daily

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