Markets & Finance

Europe Stocks End Lower


European stock markets finished lower on Tuesday. London's Financial Times-Stock Exchange 100 index was down 12.9 points, or 0.28%, to 4,545.6 as Britain's August CPI rose 0.3% after falling 0.3% in July. The August rise was less than the consensus 0.4% estimate.

Germany's DAX index fell 5.56 points, or 0.14%, to 3,947.75 as the German September ZEW economic sentiment index fell to 38.40 from 45.3 in August. It was worse than the 45.0 that economists expected.

In Paris, the CAC 40 index lost 17.37 points, or 0.47%, to 3,708.03 as the Bank of France forecasts third-quarter growth at 0.6%, softer than the 0.8% expansion seen in both the first and second quarters. Also, a monthly survey of manufacturers showed business confidence fell to 104 in July from 106 in June. In Asia, the markets finished higher on Tuesday. Japan's Nikkei 225 index gained 42.47 points, or 0.38%, to close at 11,295.58 as tech stocks extended gains. Advantest rose 1.13%, while Tokyo Electron surged almost 3%.

In Hong Kong, the Hang Seng index rose 8.49 points, or 0.06%, to close at 13,148.06.


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