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Stock indices traded lower due to the weaker-than-expected ZEW economic sentiment data. The ZEW released its economic sentiment index for Germany and the Eurozone today. The economic sentiment index for Germany dropped to -3.6 in October from 6.9 in September, missing expectations for a decrease to 0.2.
The economic sentiment index for the Eurozone fell to 4.1 in October from 14.2 in September, missing expectations for a decline to 7.1.
The ZEW economic sentiment data fuelled concern the Eurozone falls into recession.
France's consumer price index declined to an annual rate of 0.4% in September from 0.5% in August, in line with expectations.
Name Price Change Change %
FTSE 6,329.01 -37.23 -0.58%
DAX 8,743.3 -69.13 -0.78%
CAC 40 4,043.17 -35.53 -0.87%
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