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- European stocks close: stocks closed lower, PMIs from the Eurozone weighed on markets
European stocks close: stocks closed lower, PMIs from the Eurozone weighed on markets
Stock indices closed lower. PMIs from the Eurozone weighed on markets. Investors believe that the current stimulus measures by the European Central Bank would not be enough to boost the economy in the Eurozone.
Eurozone's final manufacturing purchasing managers' index fell to 50.6 in October from 50.7 in September. Analysts had expected the index to remain unchanged at 50.7.
Germany's final manufacturing purchasing managers' index declined to 51.4 in October from 51.8 in September. Analysts had expected the index to remain unchanged at 51.8.
France's final manufacturing purchasing managers' index rose to 48.5 in October from 51.8 in September. Analysts had expected the index to remain unchanged at 51.8.
Corporate earnings also weighed on markets.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,487.97 -58.50 -0.89%
DAX 9,251.7 -75.17 -0.81%
CAC 40 4,194.03 -39.06 -0.92%
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