European stocks closed lower due to weak economic data, including a drop in eurozone economic sentiment

From Nasdaq: 2025-01-08 13:38:14

European stocks closed weak on Wednesday due to a drop in eurozone economic sentiment, German retail sales, and factory orders. The pan European Stoxx 600 fell 0.19%, with Germany’s DAX down 0.07% and France’s CAC 40 down 0.49%. The U.K.’s FTSE 100 crept up 0.07%, while Switzerland’s SMI gained 0.38%. Shell’s LNG production outlook was trimmed, causing a 1.4% drop in shares. TeamViewer shares gained over 8% after reporting a revenue increase. Euro area economic confidence hit a low, while Eurozone producer prices declined in November. Germany saw a 2.5% rise in retail sales in November.

France’s consumer confidence fell, and the trade balance narrowed in November. France’s current account deficit decreased, with exports rising to 50.10 billion euros and imports to 57.186 billion euros.



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