Europe Stocks Slide Ahead Of ECB Meeting

European stock markets traded broadly lower at the open on Wednesday as the government shutdown in the U.S. moved into day two and investors waited for the latest policy decision from the European Central Bank.

The Stoxx Europe 600 index lost 0.4% to 311.44, partly erasing a 0.8% gain from Tuesday. Shares of Tesco PLC gave up 3.3% after the supermarkets chain reported a drop in first-half net profit. Shares of Unilever PLC dropped 1.4% after UBS cut the consumer-products firm to neutral from buy. Among country-specific indexes, the U.K.’s FTSE 100 index slid 0.7% to 6,412.80, while Germany’s DAX 30 index erased 0.6% to 8,637.82. France’s CAC 40 index lost 0.9% to 4,160.34.

Source : Marketwatch

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