European Stocks Close Lower For 6th Straight Session On Growth Concerns
(RTTNews) - European stocks closed lower on Wednesday, extending recent losses, as global growth concerns, rising interest rates and geopolitical tensions continued to weigh.
Investors, digesting some earnings news and the latest batch of economic data from the region, and looking ahead to U.S. consumer price inflation data, due on Thursday, chose to stay cautious and largely refrained from making significant moves.
The pan European Stoxx 600 ended 0.53% down. The U.K.'s FTSE 100 drifted down 0.86%, Germany's DAX declined 0.39% and France's CAC 40 shed 0.25%, while Switzerland's SMI edged down 0.15%.
Among other markets in Europe, Austria, Belgium, Finland, Iceland, Ireland, Netherlands, Norway, Poland, Portugal, Spain and Turkiye closed weak.
Czech Republic, Denmark, Greece and Russia ended higher, while Sweden settled flat.
In the UK market, JD Sports Fashion plunged more than 10%. Persimmon ended lower by about 6.2%. Lloyds Banking Group, Harbour Energy, B&M European Value Retail, Ocado Group, Hargreaves Lansdown, Rolls-Royce Holdings and Natwest Group lost 4 to 6%.
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