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European stocks declined
European stocks declined for the fourth time in five days, amid concerns global growth remains weak.
Euro-region industrial production unexpectedly increased for a second month in August, led by rising output in countries from Greece to France.
Output in the 17-member euro area rose 0.6 percent from July, when it increased a revised 0.6 percent, the European Union’s statistics office in Luxembourg said today. Economists had projected a drop of 0.4 percent. From a year ago, output slipped 2.9 percent after a 2.8 percent decline in July.
ASML, Europe’s largest chip-equipment maker, lost 1.3 percent to 40.94 euros. Advanced Micro Devices, the second- largest maker of processors for personal computers, cut its third-quarter revenue forecast, citing weak demand across all product lines in a challenging economic environment.
Standard Chartered gained 2.7 percent to 1,432.5 pence. A gauge of banks was the second-best performer on the Stoxx 600 Europe Index after Deutsche Bank upgraded European lenders and insurance companies to overweight, a recommendation similar to buy. Barclays Plc rose 1.9 percent to 237 pence.
FTSE 100 5,814.94 -14.81 -0.25%
CAC 40 3,398.91 -14.81 -0.43%
DAX 7,251.42 -30.28 -0.42%
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