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BRUSSELS, Aug. 12 (Xinhua) -- Flash estimate of the seasonally adjusted gross domestic product (GDP) rose by 0.3 percent in the 19-country euro area, unchanged from the preliminary flash estimate at the end of last month, Eurostat said on Friday.
This figure has fallen back from 0.6 percent in the first quarter of the year while GDP of the European Union (EU) as a whole expanded by 0.4 percent quarter on quarter.
Germany, the largest economy in the single currency zone, revealed a slightly stronger-than-expected 0.4 percent increase, while Spain at 0.7 percent and the Netherlands at 0.6 percent.
However, France and Italy both recorded zero growth.
On a yearly basis, seasonally adjusted GDP rose by 1.6 percent in the euro area and by 1.8 percent in the EU in the second quarter.
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BEIJING Cheap Detroit Red Wings Jerseys , May 28 (Xinhua) -- Chinese shares plummeted on Thursday, with the benchmark Shanghai Composite Index diving 6.5 percent to finish at 4,620.27 points, after closing at a fresh seven-year high the previous day.
Shenzhen Component Index plunged by 6.19 percent to close at 15,912.95 points. The ChiNext Index Cheap Edmonton Oilers Jerseys , tracking China's Nasdaq-style board of growth enterprises, lost 5.39 percent to end at 3,432.98 points.
Total turnover on the two bourses reached an all-time high of around 2.4 trillion yuan (400 billion U.S. dollars), the fourth consecutive trading day that saw turnover beating 2 trillion yuan.
Losers outnumbered winners by 836 to 80 in Shanghai and by 1,203 to 190 in Shenzhen. About 600 shares dropped by the daily limit of 10 percent.
The major index opened higher on Thursday Cheap Florida Panthers Jerseys , and even hit a fresh 7-year high of 4,986.5 in the morning trading. However, the index plummeted in afternoon trading, led by heavyweight shares.
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Banking sector average fell by 4.92 percent to close at 11.43 yuan per share. The insurance sector average dropped 7.74 percent to close at 49.78 yuan.
China Minsheng Banking Corp. fell by 5.99 percent to 10.05 yuan. China Life Insurance Company Limited plunged 6.61 percent to 35.73 yuan.
Gao Xiang, an analyst with CITIC Securities, described Thursday's dive as "understandable" and partly attributable to concerns about liquidity. IPOs next week include China's first nuclear power stock Cheap Montreal Canadiens Jerseys , China National Nuclear Power. Investors fear that funds will be sucked out of he market.
Reports on Thursday that Central Huijin Investment Ltd., a government investment firm, had sold over 3.5 billion yuan of its A-share holdings in two large state-owned banks, also helped send the market south.
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