Europe Stocks Close Lower After Cool U.S. Inflation Print; Ocado Up 10%
European markets gave up earlier gains to close lower Tuesday, as global investors assessed a cooler-than-expected U.S. producer price index.
The pan-European Stoxx 600 index provisionally closed 0.07% lower as sectors turned mixed.
Oil and gas stocks were among the worst performers, down 0.76%, after oil giant BP said its fourth-quarter profit would be dented by up to $300 million in light of weakening refinery margins.
Retail stocks were also pulled into negative territory, as British sportswear retailer JD Sports tumbled near the bottom of the Stoxx 600 after lowering its profit guidance.
At the other end of the index was British grocery retailer Ocado, which climbed 9.6% after reporting record Christmas sales.
Source : CNBC
