German Ifo data Disappointing European Markets

Learn Stocks : Most European stocks traded lower on Friday after the results of German business climate survey surprisingly showed a decrease. German Ifo report showed business confidence fell to 106.7 in March from 107.4 in February. It is the first decline in five months.

German DAX and French CAC40 slipped into the red zone, with each lost 0.25% and 0.5%. While the FTSE UK still seems to struggle to survive in negative territory, with only a slight increase of 0.05% gathering.

Investor sentiment also continues to be overshadowed by bailout problem in Cyprus. 2 days of talks between Russia and Cyprus ended without a new loan agreement. While Troika insists if Cyprus should increase funding of € 5.8 billion to secure the disbursement of bailout worth € 10 billion, or face the collapse of the financial system.