European stocks close: stocks closed lower despite the positive economic data from the Eurozone

Stock closed slightly lower despite the positive economic data from the Eurozone. Eurostat released its consumer price inflation data for the Eurozone on Tuesday. The preliminary consumer price inflation in the Eurozone rose to -0.1% year-on-year in May from -0.2 % in April, in line with expectations.

The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco increased to an annual rate of 0.8% in May from 0.7% in April, in line with expectations.

Food, alcohol and tobacco prices were up 0.8% in May, non-energy industrial goods prices gained 0.5%, and services prices climbed 1.0%, while energy prices dropped 8.1%.

Eurozone’s unemployment rate remained unchanged at 10.2% in April, in line with expectations. It was the lowest reading since August 2011.

European Central Bank (ECB) released its M3 money supply figures on Tuesday. M3 money supply rose 4.6% in April from last year, missing expectations for a 5.0% gain, after a 5.0 % increase in March.

Loans to the private sector in the Eurozone climbed 1.5% in April from the last year, in line with expectations, after a 1.6% gain in March.

The Federal Labour Agency released its unemployment figures for Germany on Tuesday. The number of unemployed people in Germany slid by 11,000 in May, beating expectations for a 5,000 drop, after a 16,000 decrease in April.

The unemployment rate declined to 6.1% in May from 6.2% in April. Analysts expected the unemployment rate to remain unchanged at 6.2%.

Destatis released its retail sales for Germany on Tuesday. German adjusted retail sales slid 0.9% in April, missing forecasts of a 0.9% gain, after a 1.4% decrease in March. March’s figure was revised down from a 1.1% drop.

On a yearly basis, German unadjusted retail sales increased 2.3% in April, exceeding expectations for a 1.9% gain, after a 0.6% rise in March. March’s figure was revised down from a 0.7% increase.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,230.79 -40.00 -0.64 %

DAX 10,262.74 -70.49 -0.68 %

CAC 40 4,505.62 -23.78 -0.53 %

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