European equity markets climb despite weak GDP in EMU

FXstreet.com (Barcelona) - The European stock markets have finally begun to pare their losses from earlier in the week, a feat made more difficult given the recent tranche of weak economic data permeating the euro bloc. In the EMU, Gross Domestic Product s.a. (YoY) fell at a rate of -1.0% in Q1, exceeding expectations of -0.9%. Moreover, Gross Domestic Product n.s.a. (QoQ) has yielded a figure of -0.2%, vs. a projection of -0.1%.

Beginning with the indices and composites, the EURO STOXX 50 rose +0.25% as it settles in region of 2802.69, up +7.06 points in these moments. In addition, the FTSE 100 is trading in positive territory, operating at 6688.20, ascending +2.14 points or +0.03% at the time of writing. Finally, the DAX has climbed higher recently, trading in the zone of 8352.10, presently +0.16% after a movement of +12.99 points.

Moving to commodities the prices of gold and silver are trading at USD $1412.60 and $23.02 per oz. respectively. Moreover, the price of crude is operating at USD $93.60/bbl Wednesday.