Markets

European Stocks Close In the Red For Second Consecutive Day

European equities closed lower for a second consecutive trading day after sell-offs were seen across the board.

In macro-economic news, Germany's consumer price index for September was expected to remain unchanged from September 2014, according to the Federal Statistical Office (Destatis).

And, in Spain, EU-harmonized consumer prices fell by 1.2% in September versus a year earlier. Spain's national statistics institute said the decrease was mainly explained by sliding prices of electricity and fuels, including gas and diesel oil.

In company news, decliners on London's FTSE 100 index were led by building equipment supplier Wolseley, down 12.5% as it cut its H2 sales growth outlook. Hikma Pharmaceuticals followed by dropping 8.1%. Homebuilder Persimmon fell 5.2%.

On Frankfurt's DAX, diversified health care group Fresenius led decliners with a 5.5% slump. Carmaker Volkswagen followed with a 4.1% drop and medical supply company Fresenius Medical Care slipped 2.7%.

And, on Paris' CAC-40, telecom provider Orange was the biggest decliner, sliding 2.1%. French hotel group Accor followed with a 2% drop. Veolia Environment, a provider of environmental management services, was down 1.7%.

The FTSE 100 slid 0.83%, the DAX fell 0.35% and the CAC-40 edged 0.31% lower.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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