European Stocks Lower Led By Resources, Burberry

By Amwal Al Ghad English On Jul 11, 2012

European stock markets opened lower on Wednesday, after weakness on Wall Street overnight and losses for Asia. The Stoxx Europe 600 index XX:SXXP -0.38% fell 0.6% to 254.17, led by mining, oil and bank stocks. The FTSE 100 index UK:UKX -0.36% fell 0.6% to 5,629.24, with BHP Billiton PLC UK:BLT -0.79% BHP -2.18% off 1.2% and BP PLC UK:BP -0.07% BP -0.05% falling nearly 1%. Shares of luxury goods retailer Burberry Group PLC UK:BRBY -5.53% sank over 6% after a sales update. The German DAX 30 index DX:DAX -0.39% fell 0.5% to 6,410.69, and the French CAC 40 index FR:PX1 -0.79% fell 0.7% to 3,152.79, with retailer Carrefour SA FR:CA -1.63% down 1.3%.

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