FX & CFD trading involves significant risk
Stock indices closed lower, showed biggest weekly decline in 3 years. The decline was driven by a fall of shares in oil and oil services firms that followed crude oil prices.
Mixed Chinese economic data also weighed on markets. China's industrial production increased 7.2% on year in November, missing expectations for a 7.5% rise, down from a 7.7% gain in October.
Fixed asset investment in China rose 15.8% in November, in line with expectations, down from a 15.8% increase in October.
Retail sales in China climbed 11.7% on year in November, exceeding expectations for a 11.5% increase, after a 11.5% gain in October.
These figures adding to concerns about a slowdown of Chinese economy.
Industrial production in the Eurozone rose 0.1% in October, missing expectations for a 0.2% gain, after a 0.5% rise in September. September's figure was revised down from a 0.6 increase.
On a yearly basis, Eurozone's industrial production increased 0.7% in October, beating expectations for a 0.6% rise.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,300.63 -161.07 -2.49%
DAX 9,594.73 -267.80 -2.72%
CAC 40 4,108.93 -116.93 -2.77%
|remaining time till the new event being published|