European Stock Market closed july 16 2012

European Stock Market closed july 16 2012 : European markets closed after a mixed day as the debt crisis kept traders uncertain and the the anti-spread mechanism delayed until September. The Chinese premier, Wen Jiabao, envisaged a period of "difficulty" for the world's second economy, causing the Shanghai stock market to drop to its lowest point in three years. Retail sale figures in the U.S. also kept markets down.

Wall Street started out poorly and then picked up, which helped Europe. Frankfurt was up 0.13% to 6,565.72 points, London was down 0.07% to 5,662.43 points, Paris ceded 0.03% to 3,179.90 points, Milan fell 0.36% to 13,664.81 points, Madrid was down 1.99%, after tumbling more than 2% because of bank stocks sell-off

Eurozone trade surplus surged notably in May on rising exports and weak imports to exceed expectations, a report from Eurostat showed Monday. Due to an increase in exports and the continuing fall in imports, the trade surplus grew to EUR 6.9 billion from EUR 3.7 billion in April. Economists had expected the surplus to rise to EUR 4 billion.

Inflation in Eurozone was 2.4 percent in June, unchanged from the previous month, the latest report from Eurostat showed Monday. The figure matched the preliminary estimate.

Employment in German manufacturing sector increased in May, data from the Federal Statistical Office showed Monday. The number of workers in the sector rose 2.8 percent year-on-year to 5.2 million in May.

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