2023-01-25 09:32:44

European Shares Struggle For Direction Amid Lingering Recession Worries

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RTTNews
By Rtt News Staff Writer

European stocks struggled for direction on Wednesday as investors awaited corporate earnings from several U.S. and European companies for directional cues.

Mass layoffs by tech companies, signs of slowing global growth and weak growth outlook from prominent companies fueled fears of a possible recession.

The pan European STOXX 600 was down 0.1 percent at 452.76 after closing 0.2 percent lower on Tuesday.

The German DAX and France's CAC 40 index were marginally lower while the U.K.'s FTSE 100 traded flat with a positive bias.

Swiss drug contract manufacturer Lonza edged down slightly despite delivering strong 2022 performance and announcing a share buyback.

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