German markets trading flat on Monday

Source: WBP Online
Stocks in Europe pared gains and were flat-to-lower, while traders are digesting new services and manufacturing PMI data. In the meantime some big companies are having falls weighting in on the general market mood. German DAX 30 and UK's FTSE 100 indices remained unchanged. French CAC 40 lost 0.3% to trade at 4,340.74 points.
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Mon, 23 May 2016 13:32:14 GMT

Euro zone's PMI slows down in May

The Markit Flash Composite PMI dropped to 52.9 in May, following the 53.0 result seen in April and posting the lowest result this year. Analysts polled by Reuters expected the Index to improve to 53.2. In the meantime, the Flash Manufacturing PMI came in at 51.5 in May, down from 51.7 in the previous month and compared to market expectations

Mon, 23 May 2016 11:22:11 GMT

Oil slips on Monday as investors digest supply glut

Crude prices decreased, as traders tried to calculate a rebalancing point for oil after US rig count was reported unchanged on Friday. WTI futures fell 1.2% to$47.82 per barrel and Brent dropped 1.1% to trade at $48.19 per barrel. Both benchmarks ended previous week in the green and hit multi-month heights. In the meantime, Alexander Novak, Russian Energy Minister, announced,

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