Home / Market Update / Global Stock Market / European Stocks Close Lower on Economic Data

European Stocks Close Lower on Economic Data

The European stocks closed Thursday lower, on the back of mixed economic data, reversing most of its gains on Wednesday.

The Stoxx Europe 600 index closed lower by 1.40%, while the UK’s FTSE100 plunged by 1.52%.

In Germany, the benchmark DAX index finished lower by 1.40%, while the French CAC40 index closed down by 0.44%.

Yesterday, data showed an unexpected decline in German retail sales.

Check Also

Gold Prices Fall as Risk Appetite Grows Ahead of U.S.-China Trade Talks and Inflation Data

Gold prices saw a decline on Tuesday in Asian trade, pressured by improving risk appetite …