Markets & Finance

Europe Stocks End Lower


European stock markets finished lower on Tuesday. London's FTSE 100 index was down 33.7 points, or 0.75%, to 4,468.5.

Germany's DAX index lost 60.92 points, or 1.53%, to 3,928.39 even though the German ZEW institute economic sentiment index rose to 47.4 in June from 46.4 in May. In Paris, the CAC 40 index fell 39.96 points, or 1.07%, to 3,700.32 as French May consumer spending fell 0.2%.

In Japan, the Nikkei index declined 18.89 points, or 0.16%, to close at 11,581.27, held back by profit-taking in techs, auto names, and retail stocks. Brokerage names also trended lower, with Nikko Cordial tanking on news that Citigroup would almost halve its stake in the brokerage.

The market in Hong Kong was closed Tuesday for the Tuen Ng Festival.


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