European stocks fell in line with U.S. stocks after
better-than-expected U.S. jobless claims data fueled speculation
the Fed would start tapering bond purchases next month.
Weekly jobless claims fell to 320,000 from a revised 335,000 a
week earlier. The median forecast of economists surveyed by
Bloomberg had called for a reading of 335,000.
Among other data, U.S. consumer prices rose a seasonally
adjusted 0.2%, the U.S. Department of Labor reported Thursday.
Excluding energy and food, the core consumer-price index also rose
0.2%. Results for the overall CPI and core reading matched the
forecasts from economists polled by MarketWatch.
The New York Fed's "Empire State" general business conditions
index fell to 8.2 in August from 9.5 in July. Economists had
Industrial production was flat in July, and June's growth was
revised lower, according to data released by the Federal Reserve.
Economists polled by MarketWatch had expected 0.2% growth for July,
and June's growth was cut by a tenth of a percentage point to 0.2%.
The 1.4% year-on-year growth rate was the slowest in more than
three years. Capacity utilization fell to 77.6% from 77.8%.
Around the region, the Office for National Statistics said UK
retail sales rose 1.1% on the month in July and rose 3% on the
year. Economists had forecast sales to rise 0.7% on the month and
2.5% on the year.
In ADR news, GlaxoSmithKline (
) and AstraZeneca (
) were both downgraded to underweight from equal weight at Morgan
The FTSE-100 was last down 1.58% at 6,483.34, the DAX down 0.73%
at 8,376.29 and the CAC-40 down 0.51% at 4,093.20.
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