Stock indices traded mixed, supported by higher oil prices and the better-than-expected Chinese economic data. The Caixin/Markit Services Purchasing Managers’ Index (PMI) for China rose to 52.2 in March from 51.2 in February, exceeding expectations for a rise to 51.4.
German industrial production data weighed on stocks. Destatis released its industrial production data for Germany on Wednesday. German industrial production fell 0.5% in February, beating expectations for a 1.8% drop, after a 2.3% rise in January. January’s figure was revised down from a 3.3% increase.
The output of capital goods decreased 1.0% in February, energy output declined 1.8%, and the production in the construction sector was up 1.3%, while the production of intermediate goods climbed 0.1%. The output of consumer goods declined 1.0% in February.
German industrial production excluding energy and construction fell by 0.5% in February.
Current figures:
Name Price Change Change %
FTSE 100 6,124.16 +32.93 +0.54 %
DAX 9,562.7 -0.66 -0.01 %
CAC 40 4,271.43 +21.15 +0.50 %
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