Eurozone markets down into negative territory

Thursday, 31 March 2011 04:49

Bank upcoming stress test results from Ireland have pushed the Eurozone markets down into negative territory.

Germany's DAX is currently down 0.16% due to the unemployment rate was lower to 7.1% from 7.3% in February.

Meanwhile, retail sales for February fell 0.3% after they had increased 0.4% in the prior month.

France's CAC has been cut down to a 0.70% loss.

Financial outfits have been hit with considerable selling pressure, BNP, SOC GEN and Credit Agricole are all off.

Data indicate that France's PPI increased by 0.8% in February after a 0.9% increase in January. Britain's FTSE is off by 0.21% at the moment.

The United Kingdom Consumer Confidence Survey for March came in at -28, which is unchanged from February.