Europe Stocks Close Lower for Fourth Straight Session as U.S. Jobs Data Disappoints
European stock markets closed lower Thursday following another set of weak U.S. jobs data.
The regional Stoxx 600 index closed down 0.43%, with major bourses and sectors spread between losses and gains. Utilities stocks rose 1.66%, while healthcare fell 1.4%.
It marks the fourth day of declines for the Stoxx 600 after it closed above 525 points for the first time on Friday.
In Europe, Germany's DAX ended up 0.02% higher after data showed factory orders in the country increased 2.9% month-on-month in July. However, Benedict Acton-Bond, economist at Moody's Analytics, noted that orders excluding big ticket items such as aircraft, ships and trains were lower, and said the release "further dents the narrative that industry is bottoming out."
Source : CNBC