Major stock markets in Europe closed the last session of the month mixed as investors digested data reports released earlier in the day. Eurozone’s gross domestic product dropped by less-than-expected 0.6% in the first quarter of 2021, while Germany’s GDP fell by 1.7%.
Meanwhile, the unemployment rate in the euro’s area is going down and was reported to be 8.2% lower than in the previous month. Eurozone’s inflation though rose to 1.6% in April to meet expectations and reach a two-year high. UK traders were feeling optimistic as home companies, such as Barclays and AstraZeneca reported their first quarter earnings results.
The DAX closed with 0.05% above the flatline, led by MTU Aero Engines jumping by 5.05%. The FTSE100 rose by 0.12% as AstraZeneca grew by 4.28%, while the CAC 40 lost 0.53% with STMicroelectronics dropping by 4.24%. The euro declined by 0.75% against the dollar to trade for $1.20290 at 5:27 pm CET. while the British pound shed 0.96% exchanging hands for $1.38124.