Friday, 24 November 2017
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European stocks end lower for 6th straight session, hit by stronger euro, China worries
Wednesday, 15 November 2017 00:30 WIB | MARKET UPDATE |Stoxx 600Saham EropaStoxx Europe 600

European stocks closed lower for a sixth session in a row Tuesday, hurt as the euro leapt to a three-week high on the back of stronger-than-expected economic growth figures from the eurozone, while miners shares slumped on worries about growth in China.

The Stoxx Europe 600 fell by 0.6% to end at 383.86, registering its lowest close since Sept. 22, FactSet data showed.

The DAX 30 index declined 0.3% to close at 13,033.48, and France™s CAC 40 gave up 0.5% to finish at 5,315.58.

The U.K.™s FTSE 100 shed less than 0.1% to close at 7,414.42, giving up earlier gains, and Spain™s IBEX was down 0.6% at 9,990.40, notching its first close below 10,000 since early October.

The euro traded at $1.1768, rising from $1.1669 late Monday in New York.

As Chinese companies are major buyer of industrial and precious metals, mining shares were pushed lower Tuesday following data that showed the country™s industrial output slowed in October. Also, housing sales fell and construction starts slowed. The Stoxx Europe 600 Basic Resources Index tumbled 2.7%.

Source: Marketwatch

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