European stocks fall from 4-month high after downbeat data

Wednesday, 23 May 2018 23:24 WIB

Indeks Stoxx Europe 600Saham Eropa


European stocks closed sharply lower on Wednesday, weighed by the return of geopolitical concerns after comments by U.S. President Donald Trump and a round of disappointing eurozone data.

The pound dropped to a 2018 low after U.K. inflation unexpectedly slipped in April.

The Stoxx Europe 600 index lost 1.1% to close at 392.58, pulling back from Tuesday's close, which was the highest since Jan. 29. Wednesday’s loss marks the benchmark’s worst day since March 22, when it declined 1.6%.

Germany's DAX 30 index slumped 1.5% to 12,976.84, while France’s CAC 40 index dropped 1.3% to 5,565.85.

The U.K.'s FTSE 100 index fell 1.1% to 7,788.44.

In Italy, the FTSE MIB index slid 1.3% to 22,911.71 as traders waited for President Sergio Mattarella’s decision on the prime minister candidate put forward by a euroskeptic alliance to lead their coalition government.

Source: Marketwatch


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