European shares move down

European shares move down

On Friday, European stocks decreased because market participants were focused on a slew of economic reports from the euro zone, not to mention the second day of negotiations between European leaders in Brussels.

During European trade in the morning, the EURO STOXX 50 lost 0.37%, Germany’s DAX 30 decreased 0.22% and France’s CAC 40 went down 0.28%.

Earlier research group Markit posted that in June its German flash manufacturing purchasing managers’ index edged down to 59.3 from 59.5 last month, compared to hopes for a dip to 59.0.

As for the German services PMI, this index tumbled to 53.7 from 55.4.

Markit added that this month its French flash manufacturing PMI grew to 55.0 from 53.8 in April, thus ruining hopes for a soar to 54.0.

Meanwhile, the French services PMI went down from 56.9 to 55.3.

European leaders were geared up toward a second day of negotiations at a European Council gathering on Friday.

The FTSE 100 lost 0.44% in London, suppressed by Shire PLC, whose stocks dipped 1.66%.

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