Europe Stocks Waver Ahead Of Production Data

European stock markets struggled for direction in early action on Wednesday after posting sharp losses in the prior day’s action and with investors looking ahead to industrial-production data for the euro zone.

Also of interest, Germany’s constitutional court is scheduled to continue its two-day hearing on the legality of the European Central Bank’s bond-buying program. The Stoxx Europe 600 index was slightly lower at 291.68 after a 1.2% drop on Tuesday.

Shares of Volkswagen AG slid 2.7% after the car maker recalled almost 26,000 vehicles in Australia. Daily Mail & General Trust PLC dropped 1.5% after Barclays cut the firm to underweight from equal weight. Among country-specific indexes, the U.K.’s FTSE 100 index dropped 0.3% to 6,321.75, while France’s CAC 40 index added 0.2% to 3,818.98. Germany’s DAX 30 index lost 0.2% to 8,210.44.

Source : Marketwatch

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