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- European Stocks. First hour: European indices trading negative
European Stocks. First hour: European indices trading negative
European stocks are trading lower in today's session. Data on U.K.'s Consumer Confidence showed a decline at -2 not meeting forecast of -1. Germany's Retail sales beat forecast reading +1.9% in October (forecast +1.7%). France's Consumer spending declined by -0.9%. Analysts predicted a small growth of 0.2%. A drop in oil prices weighed on energy shares. Market participants are now waiting for data on Eurozone's Unemployment rate and preliminary Harmonized CPY being published at 10:00 GMT.
The FTSE 100 index is currently trading with a loss of -0.71% at 6,675.61.58 points, Germany's DAX 30, after 11 days of consecutive gains lost -0.33% or 33.05 points being quoted at 9,941.82. France's CAC 40 lost -0.51%, currently trading at 4,360.02 points.
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