European Stocks Close Slightly Lower
(RTTNews) - Despite some positive economic data from the region, European stocks ended on a weak note on Wednesday.
However, with stocks staging a fairly good recovery in the final hour, the downside was just marginal in the major markets.
In addition to digesting the latest batch of economic data, investors also reacted to some disappointing earnings updates from top European and U.S. companies.
Concerns about a potential U.S. recession, and geopolitical tensions weighed on sentiment.
The pan European Stoxx 600 ended 0.29% down. The U.K.'s FTSE 100, Germany's DAX and France's CAC 40 edged down 0.16%, 0.08% and 0.09%, respectively. Switzerland's SMI ended flat.
Among other markets in Europe, Belgium, Denmark, Finland, Netherlands, Norway, Poland, Portugal, Sweden and Turkiye closed weak.
Czech Republic, Iceland and Ireland ended higher, while Austria, Greece, Russia and Spain settled flat.
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