The European stocks were trading mixed in the midday session on Thursday, after the European Union finance ministers finalized a deal regarding future bank failures.
The European Union finance ministers settled on a deal about bank bailouts in the future .The new rules shows that bondholders, depositors and shareholders with over 100,000 euros, should share the weigh down of saving a bank.
The European Euro Stoxx 50 index fell 0.18% to 2,598.12 as of 10.18am GMT , while the French CAC 40 index advanced 0.04$ to 3,727.56 and the German DAX index gained 0.09% to 7,948.36 at the same time . The UK FTSE 100 index added 0.39% to 6,189.30 at the same time. Germany’s Consumer climate index went up to 6.8 points in July from previous record of 6.5 in June, according reports from GfK.
According to the National Institute of Statistics (INE), retail sales in Spain weakened in May than the previous month.
Sales fell 4.6% in April, after a record of 4.8% year-on-year downfall in April. Retail sales picked up by 1.3% in May from April.
The European Central Bank (ECB) still going ahead to take action if the local government needs to extend growth, according the President Mario Draghi.
“The ECB has done as much as it can to stabilize markets and support the economy. Now governments and parliaments need to do all they can to raise growth potential,” he said.
“These include reducing barriers to entry for new firms and young people, and removing burdens on business like complex tax and labor laws or distortionary regulations,” Draghi added.
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