European shares slide despite Nasdaq record; German exports collapse – business live
- German exports slump 24% and trade surplus shrinks in April
- Asian markets rise for ninth session on economic recovery hopes
Germany’s Dax has dipped into negative territory while the FTSE 100 in London is down nearly 30 points, or 0.45%, at 6,443.
Germany’s Ifo institute says that 24% of companies it polled needed liquidity aid in May to help them get through the coronavirus crisis, the same proportion as in April.
European shares are mixed at the open. The FTSE 100 index in London is down some 15 points, or 0.2%, at 6,458, and Spain’s Ibex also slipped 0.2%. Germany’s Dax is up 0.3%, France’s CAC gained 0.2% and Italy’s FTSE MiB has opened 0.16% higher.