|09-13-2014, 02:23 PM||#1|
E.U shares fluctuates in closing after today’s U.S data
European shares closed in mixed territories on better than projected U.S retail sales data that boosted uncertainties regarding the Federal Reserve coming rates change ahead of euro-area finance ministers meeting in Milan and U.S. retail sales and consumer sentiment reports.
“Draghi will discuss the euro-area’s economic recovery and progress on the region’s banking union at his meeting with the finance ministers in Milan,” a Bloomberg report said.
The meeting will include discussion about plans for a banking union, in preparation for the G-20 finance ministers meeting in Australia.
Now on the U.S soil a report showed that the country’s retail sales increased in August at the fastest pace since April, asserting a strong economic outlook for the second half of the year.
Retail sales rose a seasonally adjusted 0.6% in August, the Commerce Department said on Friday, and were in line with expectations by Bloomberg analysts.
- London`s FTSE 100 gained by 0.11% to 6806.98
- Paris`s CAC 40 rose by 0.02% to 4441.70
- Frankfurt`s DAX 30 declined by 0.41% to 9,651.13.
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