European Markets Close Lower as Euro Zone Economic Sentiment Declines
European markets closed lower Wednesday after regional economic sentiment dropped in December, according to preliminary data.
The pan-European Stoxx 600 index ended the session down 0.27%, having traded higher for most of the morning session.
Most major bourses and the majority of sectors also closed the day in negative territory, with healthcare, financial services and media stocks among the few in the green.
The downturn came after the European Commission released preliminary data showing its economic sentiment indicator had dropped 1.7 points in the EU and 1.9 points in the euro area in December, with both scores remaining below their long-term averages. Earlier, separate data out of Germany showed an unexpected fall in industrial orders in November.
Source : CNBC
