- China's Li rules out stimulus
- BOE keeps policy unchanged
- Greece gets strong demand for bond sale
- US jobless claims ease
FTSE 100: 0.10%
CAC 40: -0.66%
FTSE MIB: -1.33%
IBEX 35: -1.42%
Stoxx 600: -0.52%
European stocks were mostly in the red as mining shares
came under pressure from China after Premier Li Keqiang ruled out major stimulus to fight a short-term slowdown.
Li said he wasn't concerned if growth slowed to little less than the official 7.5% target this year.
"We will not take, in response to momentary fluctuations in economic growth, short-term and forceful stimulus measures," he said.
He added that China will focus on creating jobs to boost medium to long-term developments.
Li's remarks came as data showed Chinese imports plunged 11.3% in March, missing the consensus forecast of a 2.4% increase.
Exports fell 6.6% last month on the year, compared to expectations of a 4% rise.
It gave China's economy a trade surplus of $7.7bn, well above forecasts for $900m and compares with February's $22.98bn deficit.
The Bank of England (BoE) decided to keep its policy on hold, as expected.
The central bank maintained interest rates at the record low of 0.5% and asset purchases at £375bn.
Greek bond sale
Greece closed its first debt sale since its bailout in 2010 today and sold more than expected at lower costs thanks to high levels of investor demand.
Athens sold €3bn in five-year Greek bonds with a final yield of 4.95%. The order book exceeded €20bn.
In France, industrial output fell 0.8% year-on-year in February following a 0.2% increase a month earlier, missing expectations for a 0.3% drop.
Manufacturing production in France climbed 1.2% in February, compared to a 1.6% gain in January, beating analysts' forecasts for a 1% rise.
Initial jobless claims came in at 300,000 in the week ended April 5th, down from the previous week's 332,000 claims and the forecast of 320,000.
The report comes a day after the Federal Reserve released minutes of its March 18-19th meeting, which revealed a positive outlook on the economy and labour market.
European Central Bank (ECB) President Mario Draghi is expected to take policy action against the threat of deflation in June, according to economists.
Almost two-thirds of respondents in the Bloomberg Monthly Survey predicted the ECB will ease policy in two months.
The ECB this month decided to keep policy on hold despite calls to tackle falling prices. Inflation in the Eurozone fell to 0.5% in March from 0.7% in February, marking its lowest rate since November 2009.
Tryg A/S, Iberdrola
Tryg A/S declined after the second-largest Nordic property and casualty insurer reported first-quarter net income that missed analysts' estimates.
Iberdrola slumped as Bankia sold a 4.9% stake in Spain's largest utility.
Telecom Italia's shares advanced on market speculation that the country's largest phone company is teaming with Rupert Murdoch's Sky Italia for an internet-TV service to attract broadband customers.
Marks and Spencer Group dropped after reporting depressed fourth-quarter margins as the retailer discounted heavily to keep up with growing competition.
LVMH Moet Hennessy Louis Vuitton climbed after posting the fastest growth in fashion and leather-goods sales in two years.
The euro rose 0.25% to $1.3889.
Brent crude futures fell $0.474 to $107.470 per barrel, according to the ICE.