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European Markets Are Down

Dina SpectorAug 14, 2014, 14:48 IST

European markets are down after dismal data released on Thursday showed that Germany's economy contracted while France showed no growth.

Here's the scorecard:

Britain's FTSE 100 is up 0.05%.

France's CAC 40 is up 0.18%.

Germany's DAX is down 0.37%.

Spain's IBEX is down 0.66%.

Italy's FTSE MIB is down 1.13%.

Germany's GDP shrank by 0.2% between April and June, which was worse than expected.

France also undercut forecasts with 0% growth recorded for the second quarter.

A report from Eurostat showed that Eurozone GDP as whole between April and June was unchanged from the first quarter. However, GDP was 0.7% higher compared with the same quarter from 2013.

Asia markets closed mixed with Japan's Nikkei up 0.66% and Hong Kong's Hang Seng down 0.36%.

U.S. futures are down with Dow futures down 11 points, Nasdaq futures down 2.5 points, and S&P futures down .7 points.