European stocks slip after ECB surprise
Saturday, 6 September 2014
LONDON, Sept 5 (pAFP): Europe's main stock markets dipped on Friday as investors digested the ECB's surprise deflation-fighting stimulus measures, ahead of key US non-farm payrolls data, dealers said.
Investors were also anxiously tracking talks aimed at sealing a ceasefire in Ukraine, after almost five months of conflict.
In late morning deals, London's benchmark FTSE 100 index fell 0.37 per cent to 6,852.93 points compared with Thursday's closing level.
Frankfurt's DAX 30 index retreated 0.16 per cent to 9,709.225 points and the Paris CAC 40 reversed 0.33 per cent to 4,479.97.
"Momentum has ground to a halt in the FTSE following the ECB's statements yesterday, as traders have a distinct 'what now' mentality," said IG analyst Alastair McCaig.
The mood was also soured by official data confirming that the 18-nation eurozone economy stagnated in the second quarter with zero growth.